Sep. 23 at 6:51 PM
$DARE OBV (On-Balance Volume) often acts as an early indicator when institutional investors begin to accumulate long-term positions well ahead of a revaluation. A relevant example is
$KALA, which saw a notable volume spike in late 2022/early 2023. Following that spike, the share price declined steadily—but has surged significantly in 2025, rising from
$2.92 (April) to
$20.60 (September).
Interestingly, Baker Bros disclosed a 10% stake shortly after the initial volume surge in late 2022. Since then, they have doubled their position, suggesting strong institutional conviction despite the temporary price weakness.
Kala demonstrate how companies can undergo rapid revaluations in anticipation of key catalysts. When the outcome of such a trigger is positive, the valuation can quickly reset at a substantially higher level.
The breakout in Dare OBV may suggest that institutional investors have started to position themselves.
