Wall Street Trader schreef op 21 oktober 2020 12:26:
The GAP from 4th september 2020 between € 102,45 and Mondays low 7th september 2020 € 103,65 has been closed today.Gaps occur when there is empty space between two trading periods that’s caused by a significant increase or decrease in price.
Please note: gaps get filled not always, but pretty close.
Let's hope from this point on we can look upwards again and TOLEDO/GLPG1205 are going to put the spark back in the stock.
Because this price level of the stock is getting ridiculous.
Galapagos is sitting on over € 5.6 billion in net cash.
Strip that out of today’s market value and you get a valuation of ~ 1.2 billion euros for their pipeline.
Lastly traders might buy when the price level reaches the prior support after the gap has been filled. Fingers Crossed!