Lantheus Holdings: May Be Time To Buy After Big Correction

Nov. 28, 2022 2:29 AM ETLantheus Holdings, Inc. (LNTH)PNT4 Comments
Gary Bourgeault profile picture
Gary Bourgeault
12.98K Followers

Summary

  • After two years of continuous upward movement in its share price, Lantheus Holdings finally started to correct, dropping by about $33 per share in under 3 months.
  • With a solid quarter and recent good news, I think, for the most part, investors considered everything already priced in and started taking profits.
  • Even including the recent announcement it entered into a licensing deal with PNT for PNT2002 and PNT2003, it failed to support the stock.
  • With the company's prolonged upward growth trajectory and insiders selling off a lot of shares, I think the market is waiting to see if it has any gas left in the tank.
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koto_feja

Lantheus Holdings, Inc. (NASDAQ:LNTH) has been on a tear over the last couple of years, bottoming out at about $9.00 per share in early November 2020, and from there going on a sustainable upward run that culminated in it soaring to a

This article was written by

Gary Bourgeault profile picture
12.98K Followers
I am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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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