Chelsea Therapeutics Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. 

What: Shares of Chelsea Therapeutics (Nasdaq: CHTP  ) jumped more than 10% today on low volume on the announcement that it's releasing third-quarter results on Monday.

So what: There's no logical connection between the two events, and no relevant news from the company or its partner, Dainippon Sumitomo Pharma. Nothing to see here.

Now what: Chelsea is a tiny company with a volatile stock. Unless there's something I'm missing, this seems like just another market movement.

Ilan Moscovitz doesn't own shares of any company mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (3) | Recommend This Article (1)

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  • Report this Comment On October 27, 2010, at 4:41 PM, PeyDaFool wrote:

    "Unless there's something I'm missing, this seems like just another market movement."

    Congrats! You've won the award for the most useless article ever...

  • Report this Comment On October 28, 2010, at 8:25 AM, Maksani wrote:

    Irrespective of the previous poster, reading between the lines of the article, perhaps the message is, "is this a sign of insider trading?" without actually saying it.

    ~Mak

  • Report this Comment On October 28, 2010, at 9:36 AM, nickrrrrrr wrote:

    this is a $15 stock within 2 years trading at $5. It will have a lot of "mysterious" ups and downs on it's way there.

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