Should You Buy the Dip With MannKind Stock? [The Motley Fool]
MannKind Corporation (MNKD)
Last mannkind corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.mannkindcorp.com/press-releases
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Source: The Motley Fool
MannKind's joyride just got bumpy. But is the biotech stock only taking a breather? You knew it was coming. It was inevitable that MannKind ( NASDAQ:MNKD ) stock's red-hot momentum would come to an end. The biotech's share price more than tripled in less than two weeks. However, MannKind stock dropped by as much as 20% on Wednesday during intra-day trading after the company announced it was selling newly issued stock. This shouldn't have surprised anyone since MannKind needed to raise more cash and recently completed a warrant exchange that cleared the way for the stock offering. But while it didn't take a Nostradamus to know MannKind's momentum would at least take a breather, the future for MannKind is more difficult to predict. Should you buy the dip -- or stay away? Here are what I think are the best arguments for each option. Image source: Getty Images. Buy that dip There are three reasons that I see why investors might want to buy the recent dip in
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MNKD
News
- MannKind Receives U.S. FDA Fast Track Designation for Clofazimine Inhalation Suspension for the Treatment of Nontuberculous Mycobacterial (NTM) Lung DiseaseGlobeNewswire
- MannKind Corporation to Hold 2024 First Quarter Financial Results Conference Call on May 8, 2024GlobeNewswire
- MannKind to Proceed With Phase 1 Nintedanib Dpi (Mnkd-201) Study for Pulmonary Fibrotic Diseases [Yahoo! Finance]Yahoo! Finance
- MannKind to Proceed With Phase 1 Nintedanib Dpi (Mnkd-201) Study for Pulmonary Fibrotic DiseasesGlobeNewswire
- MannKind rises as FDA advances rare lung disease therapy to Phase 3 trial [Seeking Alpha]Seeking Alpha
MNKD
Earnings
- 2/27/24 - Beat
MNKD
Sec Filings
- 4/22/24 - Form 3
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- MNKD's page on the SEC website