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Tuesday, September 3, 2019

ShockWave Medical down 10% on bearish Cliffside report, lockup expiration

ShockWave Medical (SWAV -10.4%) is down on a 7x surge in volume in apparent response to a report from Cliffside Research that rates the stock a Strong Sell with a $23 (39% downside risk) price target citing its  heady valuation and the expiration of the lockup period today.

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