Inhibrx's Insider Buying Adds Fuel to a High-Short-Interest Biotech Setup
Inhibrx Biosciences' CEO purchased more than $3.6 million of company shares following what the report describes as a decisive clinical outperformance that the broader market sold off. Approximately 28% of the public float is sold short, with an FDA approval date approaching.
Why it matters — A INBX watcher would care because concentrated insider buying amid high short interest and a looming FDA approval could signal a potential valuation reset and short squeeze.