PODD's latest quarterly revenues easily surpassed consensus estimates, $569 million vs. $542 million. Earnings per share came in 25% higher than expected, $1.02 vs. $.81. This is a whole new set of numbers that Wall Street must now use to appropriately determine PODD's market value, given this new information. Typically, in this type of situation, a stock will
gap higher at the opening bell as demand pours in from retail traders. Market makers, seeing this type of demand, raise the price of PODD the next morning, knowing that they (market makers) will be providing liquidity and taking short positions on PODD. That usually results in PODD "filling the gap" initially back down to the prior day's closing price. In PODD's case, however, prices continued to rise after the opening bell and keep rising as of this article. This tells
me there is tremendous demand for the stock and is a stock that we should consider owning.
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