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Black rock the world’s largest asset manager, with over $10 trillion in assets under management have bought 14.5 percent of the total outstanding shares of the company worth 104 million…. Similarly Vanguard group has bought 5.48 percent of the total outstanding shares worth 39 million dollars…
The stock has huge upside potential if the catalyst unfolds as expected…
Don’t get me wrong I am not stupid to bet everything on a binary event, this investment is barely1% of my portfolio… My exposure is just 1000 shares at the rate of 13 dollars.
The company I am talking about is Cara Therapeutics, Inc ticker symbol C A R A Cara
On Friday Cara closed at 13.75 up 10 percent from previous close. The FDA action date for Cara’s main drug KORSUVA is August 23, 2021. If KORSUVA is approved, Cara would have sole access to a large patient market with no prior FDA-approved therapy. At the end of this video I will also discuss what the chances of rejection by FDA are. I am not asking anyone to buy or sell I am just sharing my investment decision and basis of this investment decision. I have already made handsome money in this stock with options.
DISCLAIMER: Note that I am not a financial adviser and you should do your own due diligence before making any decision. I just share my views. I do not recommend basing any investment decisions on my videos. My videos are only made for educational and entertainment purposes.