Beachbody Company Inc (BODY)

[LowMarketCap]

Your opinion is off, per fillings, initial pipe insiders have a lock up period, (see pic & filings) is set to 2022 and min price conditions.

I am rather look into shorting, options plays for the recent price drop
BODY Short Volume Summary (not Short Interest)
Today's Short Volume is 736,034, which is 61.43% of today's total reported volume.
Over the past 30 days, the average Short Volume has been 65.29%.
https://chartexchange.com/symbol/nyse-body/stats/

If you follow the company recent activities the are ramping up all departments.
In a quiet period as far as investors communications.
Expected other portfolio additions / sector consolidation through M&A

They hired one of the best M&A legal support and took key managerial staf from competition.

The Beachbody Company Names Blake Bilstad Chief Legal Officer https://investors.thebeachbodycompany.com/news/news-details/2021/The-Beachbody-Company-Names-Blake-Bilstad-Chief-Legal-Officer/default.aspx
Former $WWE Exec ++
Mergers and Acquisition Expert

The Beachbody Company Appoints Jean-Michel Fournier to Lead Global Partnership and International Development Efforts
November 1, 2021
https://finance.yahoo.com/news/beachbody-company-appoints-jean-michel-203000892.html


see company filling for th lockup conditions



Institutional ownership to date by whale wisdom https://whalewisdom.com/stock/body