3 Reasons This Marijuana Stock Could Be Ready to Rebound -- and 1 Reason It Won't [The Motley Fool]
INSYS THERAPEUTICS (INSY)
Last insys therapeutics earnings: 11/5 04:16 pm
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Source: The Motley Fool
There could be a light at the end of the tunnel for Insys Therapeutics. But maybe not. Could the worst be over for Insys Therapeutics ( NASDAQ:INSY ) ? The cannabinoid-focused biotech has been singing the blues for quite a while. Government investigations into its sales and marketing practices, plunging sales for its top product, and a major pipeline setback just a few days ago have caused the stock to sink. Two recent announcements from Insys, however, just might hint at better days ahead for the beleaguered biotech. On Wednesday morning, Insys announced a significant development with the U.S. Department of Justice (DOJ) investigation into its past promotional practices for opioid drug Syndros. Insys also reported its second-quarter results after the market closed on Wednesday. Based on these two announcements, there are three reasons that this marijuana stock could be ready to rebound. However, there's also one big reason why Insys could continue to flounder.
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