Champions Oncology Inc (NASDAQ: CSBR)
Champions Oncology has been an interesting stock to watch throughout the day today. After starting the day in the green, the stock found its way to the red. Since then, we’ve seen ups and downs, but nothing to write home about. That is, until minutes ago when the stock started spiking. Below, we’ll talk about what we’re seeing from CSBR, why, and what we’ll be watching for ahead.
What We’re Seeing From CSBR
As mentioned above, Champions Oncology started the day off in the green. From there, the stock moved to the red, but the losses weren’t anything to write home about. Nonetheless, things are starting to get more interesting. Minutes ago, the stock started spiking and it’s now well into the green. At the moment (1:53), CSBR is trading at $2.36 per share after a gain of $0.05 per share or 1.94% thus far today.
Why The Stock Is Spiking
As usual, our partners at Trade Ideas first brought us the news that the stock was spiking. From there, the CNA Finance team decided to do some digging to see exactly what was causing the movement. It didn’t take long to uncover the story, and it’s definitely a good piece of news for CSBR and its investors.
The reason for the gains has to do with a large institutional investment. In fact, it Echo Lake Capital was the institution. They decided to pick up about 635,000 shares in a recent purchase. Of course, any time institutional investors get involved, it’s time to take note.
What We’ll Be Watching Ahead
Moving forward, the CNA Finance team will be keeping an incredibly close eye on CSBR. Today, the stock gets a big buy from institutional investors. Recently, they closed a big $2 million deal. While there’s no telling what will happen next, we’re excited to find out. We’ll watch the news closely and bring it to you as it breaks!
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[Image Courtesy of Public Domain Pictures]