Is the Bubble Bursting for SIGA Technologies?
SIGA Technologies (NASDAQ: SIGA) has been one of the hottest stocks on the markets this year. Its monkeypox treatment Tpoxx has led to a spike in revenue, and investors have been optimistic it could generate even better numbers in the future.
It has the potential to become the next big meme stock given the excitement it has been generating. But there are signs that the bubble may already be bursting as Siga's stock price has come under pressure recently and is down close to 50% from the high of $26.99 that it hit in mid-August.
What has gotten investors so bearish on the stock?
Source Fool.com
