- MindMed ( NASDAQ: MNMD ) closed up 36% on August 18 following the publication of an article in the Financial Times that a young investor was taking an activist position in the compan y.
- However, nearly all of those gains have been wiped out as the stock is down ~31% since then, through Tuesday morning trading.
- Year to date, the stock is down ~48% .
- Shares are down 6.5% in Tuesday morning trading.
- Seeking Alpha's Quant Rating views MindMed ( MNMD ) as a hold.
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MindMed stock cools off, gives back large gain after brief spike prompted by article