trade-ideas
Weekly Wins: A Biotech That Popped by 50%
One of Bret's favorites gained 50% this week on positive news.
Jul 13, 2024, 7:00 AM EDT
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Just one winner to share this week, but it's a great trade that would have paid for your subscription many times over.
Date:May 8th, 2024
Trade: Long LNTH most recently around $75
Why: Investors undervalued the growth story for this biotech
Result: Earlier this week the Centers for Medicare and Medicaid Services (CMS) issued a draft proposal to improve payments for diagnostic radiopharmaceuticals in 2025. The stock is up better than 50% this week on the back of that news.
Read the article here. And Bret's earlier call on LNTH here.