Markets hit turmoil this morning as the Dow Jones sunk 1,600 points and the S&P was down over 6% at open. With a major sell-off, which caused the bloodbath on Wallstreet this morning, iBio had a very volatile first few hours of trading. After an early plummet to lows of $1.59, the stock quickly bounced back up to highs of $2.33 before settling at $1.80 in the early afternoon (1:30 pm EST).
The volatile nature of the current markets has allowed for the opportunity- if you were willing to take the risk. As an investor in the current market conditions, getting a good entry point can be the difference between mitigating enough risk or getting burnt by markets falling further.
Why has iBio decreased today?
Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.
With the build-up of negative media over the weekend, the markets have opened up on Monday with a massive loss. One which was expected after the Australian markets felt the heat 12 hours previous. The sell-off caused most American stocks to fall, even ones which have been successful in the current financial downturn.
IBio’s stock was expected to grow as the company made progress on its Coronavirus vaccine. However, the markets had their way with the stock at open. With a swift recovery, it shows iBio has backing at $1.60 and is currently showing some resistance at $2.25. It is hard to tell whether the stock is likely to rebuild during the week. However, it is likely that the sell-off will cool down in the next couple of days if no new negative news is released.
The long term opportunity for iBio investors is something that has been less discussed amongst investors. With their plans to 3D print vital organs for patients and the patent of the virus vaccine, iBio will have room to grow in the next few years. I will be covering a more in-depth article on iBio’s long term potential in the next couple of days. Until then, we will see how the markets and iBio perform in the coming days.
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The information above should not be taken as financial advice. Youth Investment Group has no liability for personal financial interests or investment decisions. You should make your own investment decisions based upon your own research and what you believe is best for you.
Written by Tyger Fitzpatrick, Founder of Youth Investment Group.