Seeking Alpha

Oramed gets roughed up

  • Shares of Oramed Pharmaceuticals (ORMP) are down 13% on average volume today as the sell-off continues from its recent parabolic up move that began on December 20.
  • Prices rocketed 360% on investors' brief enthusiasm over its insulin pill only to quickly retreat after various observers began scrutinizing the situation.
  • Oramed's market cap is $121M.
  • Six mutual funds have positions, up from two a year earlier.
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