Did anyone here own Intercept Pharmaceuticals (ICPT)? In two days, went from $73/share to $450/share today, or $1.4 billion to $8.8 billion of market cap.
Congratulations to anyone here that was long ICPT. I nominate you as the sole sponsor of our next AF happy hour.
SAC Capital was long.
I need to start playing with options on pharma companies in trials…
We were trying to think of any other companies this large with such a price move (to the upside). Any others in the last 10 years that have moved this much? Impressive and insane!
I know someone that had it. It was around 2-3% of his portfolio though.
There are almost no securities over $1 billion in market cap that SAC isn’t involved in. No doubt that is a huge windfall for them, though.