Nov. 8 at 4:26 PM
$TVTX pull back this week has more to do with the overall market than TVTX fundamentals. TVTX is still ranked #9 on the IBD 50, O'Neil has observed that when the overall market goes down, 80% of the stocks follow the herd down regardless of fundamentals. The reverse is also true. This combined with TVTX hitting a 52 week high and investors taking profits within a market experiencing hysteria over the value of AI stocks, caused the 8% drop this week.