For those who want to know what’s going on, it appears:
Scholar Rock Holdings was out of money. A few months ago insiders took out massive options position at a price of $13.80. An undisclosed offering was planned for 28OCT2020. They announced some positive news on an orphaned drug study on 27OCT2020 and then strategically bought shares to raise the price and prevent consolidation thus keeping the stock above the offering price of $38.80 a few days (up 193%.) The buys were hedged by the way options.The underwriter BMO aided possibly by making an enormous quantity of 1% per cent annum short borrows available (to add to constriction levels) and by issuing a positive positive buy rating and stock target of $52 for the same stock they were underwriting.
Insiders options
Kingsley Stuart 429,500 shares on 2020-7-17
Myles Edward 250,000 shares on 2020-7-17
Carven Gregory 45,000 shares on 2020-6-18
If you lose money contact
Recheck Hershfang (SEC)
617-573-8987
hershfangr@sec.gov