SIGA shares tumbled down -6% today. Is the monkeypox trade fizzling?

Siga Technologies Inc (SIGA) is trading -6% lower at $24.7 today. The popular biotech - a counter to the spectre of monkeypox has retracted off recent highs today as some of that bullishness around the monkeypox trade appears to fizzle. That being said there are those who believe that SIGA is a great value hold, and strong long term play. See below for more opinions.

Siga Technologies Inc has been trading between a 52-week high of $26.99 and a 52-week low of $5.49. The stock has a market cap of $1.8 Billion.

SIGA Technologies, Inc. is a commercial-stage pharmaceutical company focused on the health security market. Health security comprises countermeasures for biological, chemical, radiological and nuclear attacks (biodefense market), vaccines and therapies for emerging infectious diseases, and health preparedness.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

ScipioAtTheGate - 9 upvotes - source
LONG SIGA AND BAVARIAN NORDIC!

Stock-Economics1174 - 4 upvotes - source
Nah monkeypox has fizzled, exited my SIGA calls at 2x profit last week, YOLO'd BBBY ​ [Monkeypox Daily cases](https://ourworldindata.org/monkeypox)

robotvsbadger - 3 upvotes - source
SIGA is relentless, 2-3% profit take every morning then rip!

KAMALAHARRlS - 3 upvotes - source
~~$SIGA~~ ~~$ASTS~~ $BBBY shout out to the real ones going 3 for 3

ArsonDub - 3 upvotes - source
SIGA chads WYA?

crazier_ed - 2 upvotes - source
siga got aids

YoungDumbBrokeJS - 2 upvotes - source
ASTS, SIGA and SUNW up at least 100% since i bought them, im a fucking genius

Zealousideal-Dig8410 - 2 upvotes - source
Hold BBBY, PLUG, SMDC, ASTS, SIGA, possible, Walmart, target puts but I think they kill earnings

Legal_Ad549 - 2 upvotes - source
$Siga is just warming up🔥🔥🔥

Schwimmbo - 2 upvotes - source
I'm up quite a bid on SIGA and holding because I believe that shorts are going to close soon *and* they are just a profitable company with a product that is a de facto monopoly. Can't believe that I'm in on 2 meme stocks now lol.