LGVN - Longeveron: Another Meme Stock Sensation That Will Oscillate Before Dropping
- Longeveron is the latest biotech "meme stock" like e.g. Brooklyn Immunotherapeutics, and RA Medical before it.
- The company's stock surged >$40 - from a price of ~$3 - as short sellers rushed to buy back stock after Longeveron secured a Rare Pediatric Disease designation.
- Longs are attacking shorts - Longeveron's short float was >100% at one point - but shorts may be about to strike back.
- If you aren't in the "short squeeze" or short selling game, you will want to steer well clear of Longeveron - I can't see the current valuation lasting, but there may be one (or two) more spike(s) to come.
For further details see:
Longeveron: Another Meme Stock Sensation That Will Oscillate Before Dropping