I need help understanding just what happened here. Last month Arena got approval from the FDA on their Obesity pill Biquig I bought in at ten thinking this was great news and the stock would increase in value. Well since then it has hovered between 9.50 and 11.50.
Then last week Vivus got approval on their pill which is supposed to be alot better than Arena’s. I bought in at 30 and it has been doing nothing but dropping since the announcement, 22.50 at this writing.
I’m very new to this and just don’t understand how ggod news for these markets can result in lost of staock value.
Can soMeone explain any of this?