ANIKA THERAPEUTICS (ANIK)I am a newbie and what I know about the stock market could be written on a pinhead. Could anyone please explain to me what was so dreadful about Anika Therapeutics (ANIK) 2Q earnings reported 7/31/14 that caused the stock to plummet over 17% in two days. I’m sure there is a reason, but I’m not seeing it. Thanks.
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Rae,
ANIK is a very, very interesting company. I owned shares between 2003 and 2007(got in around $10 and out around $20) . Even then I would wonder what was going on as the promise was huge for this company yet the stock value would move inexplicably at times . Anyway my simple observation is it rose from around $10 to over $52 in 18 months. Pretty hard to keep that momentum going without an eventual correction. I guess investors were expecting a better report. Looks like it had a good day yesterday. Good luck with ANIK. I think it has a great product line. Wish I had bought back in a couple of years ago.
V/R
Tom