Do warrants move in tandem with the common shares?
Once the warrants are ‘in the money’ they should move in tandem with the common. A lot of the time they don’t because the warrants are a lot less liquid and there may not be as many sellers. There also could be someone holding the warrants that needs the money and they are selling into the bid even though the common is rising. Even though they should move in tandem there can be many reasons why they don’t..
