Look at it from another angle: the benchmark security reference price is 20.75, and the premium is close to 3.5 points. This kind of deviation isn’t uncommon in the pre-market phase, but considering that the token has risen 3.12% over the past 24 hours while the benchmark security has fallen 3.3%, it’s completely moving in opposite directions—suggesting there are independent buy orders on the bStocks side pressing the price. The intraday high at 21.5 is basically right along with the current price, and the overhead resistance is very clear. Trading volume is 20,489 lots; converted into value, it’s only a bit over 430k U. Liquidity is still on the thin side. With volume at this level, the price can easily be pushed around by just a few orders—so the premium narrowing or widening could happen quickly. What I care about most right now is whether the token price can hold above 21.5. If it can’t, this premium is basically handing ammunition to the shorts.
$KORU #bStocks #US stock tokens
Note: bStocks are tokenized products and do not equal holding the underlying stocks or shareholder rights.
$KORU #bStocks #US stock tokens
Note: bStocks are tokenized products and do not equal holding the underlying stocks or shareholder rights.