Sep. 3 at 9:24 PM
$AVDL I'm only a dumb trader who scans a few recent quarterly earnings & analyzes price & volume action (they all look great), so I can't comment on the work done by Wells Fargo. An overweight rating would've helped the case, but I remain optimistic because of how the market reacted. Today's reaction tells me that while the market acknowledged the analysis, it didn't care that much. The price remains above its fast-moving average (10-day EMA), buyers stepped in and absorbed the selling pressure (green volume delta + largest volume since the earnings report).
An example of a stock from the same sector, when the market cared much more after an analyst published his underwhelming rating, was
$HALO on 13 May 2025—don't ask me why I remember it so vividly.
Overall,
$AVDL remains one of my biggest holdings
