https://seekingalpha.com/instablog/15663412-joe_retail/5319119-resverlogix-warrants-surge-50-percent-just-eleven-days-trading-despite-struggles-underlying
I'm thinking the strong demand for the $4.60 warrants as evidenced by the 50+% gain, that it could be very well be seen as a indicator of future positive movement for the PPS.
Assuming the PPS for RVX does start climbing it'll be interesting to see if RVX.WT.A also keeps climbing. Back on June 7th (the first day of WT.A trading) the PPS for RVX traded between $3.14 and $3.30 while the WT.A warrants traded between $0.61 and $0.85
The disconnect is weird to me, I would think logic would dictate that the warrants would trade in the same direction as the stock to which they are tied, not in the opposite direction.
From 2.73 its almost a 10% gain to get back to $3....if that happens will RVX.WT.A move up even higher than 10%.? Personally I think so....I think the loading up on warrants is like Option players loading up on Calls before a big move.
Can't wait for the trading to start.