RGC has been receving tons of short and negativity in the market by negative naysayers. The company CEO (Mr Au) has been buying back of company shares worth 5 Million Dollars during this period.
Regencell Bioscience Holdings (RGC: Nasdaq) is a an early-staged bioscience healthcare company focusing on R&D and commercilisation of Traditional Chinese Medicine (TCM) for the treatment of neurocognitive disorders and degenerations.
The company has been recently been on an uptrend proving its resilience in volatile times, while contributed by its business industry : healthcare.
Stock industry like Healthcare sector have proven with time that they are resilient towards market volatility and are highly favourable by institutional investors and fund managers.
Despite being shorted heavily in the early months of Q2 22', the company stock has been on an upward trent despite the huge sell off in many markets sectors, predominantly in the growth stock and crypto market.
https://www.morningstar.com/news/bu...ver-5-million-ordinary-share-purchases-by-ceo
