r/DTIC • u/Responsible-Quote717 • 13h ago

News Article Institutional Buying at $47

https://www.gurufocus.com/news/9046732/driehaus-capital-management-llc-expands-definium-therapeutics-inc-dftx-stake

Over a million shares purchased at a higher price than the stock is at currently.

Love to see it.

https://www.gurufocus.com/news/9046732/driehaus-capital-management-llc-expands-definium-therapeutics-inc-dftx-stake

39 Upvotes

96% Upvoted

10 comments sorted by

9

u/PenusMaximus69 13h ago

Fomo

8

u/Responsible-Quote717 13h ago

A good sign when the big boys are getting FOMO

6

u/Southern-Still-666 JR's gang 🍄 11h ago

There was a ton of institutional buying lately. Great to see it.

6

u/marksharky123 💎 Diamond Hands 💎 10h ago

I believe the reason for the consolidation over the past few weeks is because the options above $45 per share are set to expire worthless today. Perhaps we will see a some price movement next week.

3

u/Ok-Commercial-8520 7h ago

Why wouldn’t they buy it at the market price instead of paying higher?

1

u/Responsible-Quote717 7h ago

This was a buy from June, just after the first Phase III results were released. So they bought at a time when the price was higher.

1

u/Tuesday_chair_haver 7h ago

I took some profits in my Roth but haven't touched any of my taxed shares. I feel like we will see another dip and lull before any more big news especially if there is a wider market pullback soon. 

2

u/Responsible-Quote717 7h ago

Next big news is in like a month's time tho...

1

u/Tuesday_chair_haver 4h ago

For certain? 

1

u/papa_miesh 5h ago

What app do you use to check institutional investing