MannKind Corp. reached a high of about $56 per share in 2014. From there the stock crashed through all moving averages and showed relative weakness all the way down. If your broker held this stock and had no exit strategy and failed to limit your losses you may have a valid claim. Any proper trade plan has risk management and an exit strategy.
The company was founded in 1991 and is headquartered in Westlake Village, California. MNKD stock hit a high over $50 in July of 2014 and dropped down to under $5 today. That’s an over 90% drop from high to low. Many stock brokers recommended to their clients to stay the course but that was an ill advised strategy that left many with huge stock losses they will never recover from. If you lost more than $50,000 in MannKind Corporation due to your stock brokers recommendation call 888-760-6552. Soreide Law Group is a securities arbitration firm that handles FINRA arbitrations nationwide against financial professionals. If you bought this stock on your own through a self directed trading platform we cannot assist you but if your broker recommended MNKD please contact us today.