Based on the previous price action, $CBRSB has entered the buying zone at the bottom of the 160–240 range. Previously, it traded in a wide range within this band.
The biggest headwind is still the successive waves of insider share unlocks:
1. The largest single unlock is on September 30, directly putting pressure on the share price: approximately 19.4 million insider shares become eligible for sale that day, representing about 8% of the float. After the news was announced, CBRS promptly fell below its IPO price of $185.
2. Insiders have already sold shares on a large scale: CEO Andrew Feldman and CTO Sean Lie sold a combined total of more than $240 million worth of shares between August 20 and September 25. The COO and CFO also filed notices of intent to sell a combined total of approximately $84 million worth of shares.
3. The final unlock date (November 9) remains a sword hanging over the market: all remaining locked-up shares will become eligible for sale at once, and the ultimate scale of the supply shock is still unclear, creating ongoing downward pressure.
I think it may be worth looking at how $SPCXB traded when its lock-up expired in early August: it briefly fell below the range, then recovered and staged a major rebound. That said, overall market indices and Treasury yields are indeed risky at the moment, so size your positions accordingly.
#芯片 #美债收益率
The biggest headwind is still the successive waves of insider share unlocks:
1. The largest single unlock is on September 30, directly putting pressure on the share price: approximately 19.4 million insider shares become eligible for sale that day, representing about 8% of the float. After the news was announced, CBRS promptly fell below its IPO price of $185.
2. Insiders have already sold shares on a large scale: CEO Andrew Feldman and CTO Sean Lie sold a combined total of more than $240 million worth of shares between August 20 and September 25. The COO and CFO also filed notices of intent to sell a combined total of approximately $84 million worth of shares.
3. The final unlock date (November 9) remains a sword hanging over the market: all remaining locked-up shares will become eligible for sale at once, and the ultimate scale of the supply shock is still unclear, creating ongoing downward pressure.
I think it may be worth looking at how $SPCXB traded when its lock-up expired in early August: it briefly fell below the range, then recovered and staged a major rebound. That said, overall market indices and Treasury yields are indeed risky at the moment, so size your positions accordingly.
#芯片 #美债收益率