Wednesday, January 20, 2021

Obalon Therapeutics, Inc. (NASDAQ:OBLN) shares shot up 485% to $9.42 after the company announced a merger agreement with ReShape Lifesciences.

Off course these spikes are insider trading. 

A stock that spikes from a LOW of 1.56 to 10.77 within a day was prepared even on pre market hours. The company announced a merger with ReShape Lifescience. Betting on higher payouts they started buying. Buy at 2.00 and sell at $9.00?

Run a $3,000 for 1,500 shares and sell them for a 7 Dollar profit. Cash in $10,500.

Who else missed it?



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