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AVMXY - Vericel's Q4 Swoon: The Fainting Spell Is Temporary
Avita Medical
We knew it had to end sometime. After four outstanding earnings day moves, including three gap-ups and third quarter 2018's spectacular +44% price explosion, on February 26, 2019, Vericel (VCEL) released its usual impressive 4th quarter earnings, and the stock price went... down. Hard. Investors were left scratching their heads. Was it just an ordinary "buy the rumor, sell the good news" event, or something else? And, more importantly, should we be concerned?
It is my assertion that the wide-ranging down reaction to the 4th quarter earnings release was the product of Vericel's