Cassava Sciences: Is This Battleground Stock A Buy Or Sell As It Dips?

Kingdom Capital
5.01K Followers

Summary

  • Few stocks with a market cap above a billion dollars display as much volatility as Cassava Sciences.
  • Their efforts to develop a drug for Alzheimer's patients have recently been met with attacks by short-sellers alleging fraud.
  • There are numerous ways for investors to position themselves for the FDA's decision and/or results of Phase 3 trials in the future.
Tapioca Plants Cassava
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For investors in search of a volatile, battleground stock, they need to look no further than Cassava Sciences (NASDAQ:SAVA), which has been developing a drug, simufilam, to treat Alzheimer's disease. A group of short-sellers has recently filed a brief with the FDA

This article was written by

5.01K Followers
Deep value investor focused primarily on microcap stocks. Registered Investment Advisor located in Virginia.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SAVA, SNPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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