Chimerix Inc: Several Catalysts To The Upside
António Costa | Jan 03, 2016 01:41PM ET
With Chimerix Inc (O:CMRX) still trading within the gap, I expect to see a continuation of the bounce next week. I like when insiders are buying back shares and last week they bought 125000, which is a clear indication that the top executives are seeing something positive going on. In addition the institutions are also bullish, according to a new 13G filing, Point72 Asset Management has initiated a 5.3% stake in the company. The combination of the insider and instituions activity and the extreme oversold readings, makes me think that the bounce/rally should continue for a few more days. Keep watching the stock.
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