Michael Burry buys 634,000 shares of this $1 penny stock
BioAtla(BCAB) Finbold·2024-10-01 13:19
When Michael Burry, the man who famously bet against the housing market before the 2008 financial crash, makes a move, investors take notice. His hedge fund, Scion Asset Management, acquired 633,959 shares of BioAtla (NASDAQ: BCAB) for $1.37 each during the second quarter, making 1.65% of his portfolioBioAtla shares started to move upward, finishing Monday at $1.76 and rising 6.81% pre-market on Tuesday, October 1st, to $1.88, suggesting growing confidence in the company’s future, particularly with today’s ...