#bstockscis $SPCXB just closed above its $135 IPO price for the first time since the float-unlock crash a couple weeks back.
Worth marking the moment. đ
âïžWe walked through the mechanics when it happened â a roughly 4-5% free float meeting a 900M+ share unlock that more than doubled tradeable supply overnight, sending the stock to an all-time low of $108.27. â As of August 10, it's back above $135, the level it opened at on day one. Not a new high, not a triumphant breakout â just a full round trip back to where the story started, after the market finished actually digesting the real supply instead of trading a razor-thin float. đ°ïž
đ€Sometimes the interesting part of a chart isn't a new level, it's just getting back to an old one the hard way.
@BinanceCIS $SPCXB #bStocksCIS
Worth marking the moment. đ
âïžWe walked through the mechanics when it happened â a roughly 4-5% free float meeting a 900M+ share unlock that more than doubled tradeable supply overnight, sending the stock to an all-time low of $108.27. â As of August 10, it's back above $135, the level it opened at on day one. Not a new high, not a triumphant breakout â just a full round trip back to where the story started, after the market finished actually digesting the real supply instead of trading a razor-thin float. đ°ïž
đ€Sometimes the interesting part of a chart isn't a new level, it's just getting back to an old one the hard way.
@BinanceCIS $SPCXB #bStocksCIS
