Cassava Sciences Inc (SAVA) is trading 7% higher at $29.32 today. While it's a slightly dispirited day for the Health Care sector in general, the stock is quickly outmatching it's peers.
The likely reason
-One of the company's directors makes a massive insider buy of $2,069,000 worth of stock.
Cassava Sciences Inc has been trading between a 52-week high of $100 and a 52-week low of $13.84. The stock has a market cap of $1.18 Billion.
Cassava Sciences' mission is to discover and develop innovations for chronic, neurodegenerative conditions. Over the past 10 years, Cassava Sciences has combined state-of-the-art technology with new insights in neurobiology to develop novel solutions for Alzheimer's disease.
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:CrazyHeadshotJR - 3 upvotes -
sourceAnyone know what is going on with SAVA AH or is this just a case of insider trading 🤨
SoCalBob78 - 3 upvotes -
sourceCRUSH some shorts! Go Sava!
CrazyHeadshotJR - 3 upvotes -
sourceFuck SAVA fuck SAVA fuck SAVA
ENDOFANERANYC - 3 upvotes -
sourceRomanticizing the SAVA pump
CrazyHeadshotJR - 2 upvotes -
sourceCan sava dump already
tendiesorrope - 2 upvotes -
sourceWatch SAVA and see if it's gonna pop
enceliacal - 2 upvotes -
sourceOh dang, if that’s the case SAVA might actually rocket tomorrow
Dirty_Money_Jordan - 2 upvotes -
sourceSAVA IS GOING TO SQUEEZE AGAIN! Just watch
CrazyHeadshotJR - 2 upvotes -
sourceWhy SAVA mooning? Insider trading ?🤨
Unc321kw - 1 upvotes -
sourceSAVA bringing up the AH with the guitar solo!