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Re: ThoroughBread post# 707

Wednesday, 07/14/2021 3:15:31 PM

Wednesday, July 14, 2021 3:15:31 PM

Post# of 28054
They are likely selling some of those new shares into every rally. I've seen companies typically put out PR to help absorb some of the distribution of shares when they are diluting to help try and preserve the price. But that's the most likely reason these moves higher haven't been sustainable. Keep in mind 375 million shares is a lot. They won't do that all at once (or even be able too). This is just my opinion from what I've observed over many years of trading. My best guess is that this will have at least a bit of a short term ceiling on any moves upwards.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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