Jun. 27 at 5:51 AM
$NUVB Take the following with again of salt.
I asked Grok regarding the 554.9K shares filled in the After-Hour session today at
$1.97, a penny higher than the closing price of
$1.96. Here’s a portion of Grok’s take:
“… the 554.9K trade at
$1.97 in after-hours is a mildly bullish sign due to its size, premium to the closing price, and the context of insider buying and high short interest. It could reflect institutional confidence or positioning for a catalyst like further pipeline progress or a short squeeze…”
It’s reasonable to assume there must be a good reason for someone to shell out
$1.08M to purchase 549.9K shares at
$1.97, isn’t it? My guess is only an institution, a fund or an insider would have the deep pocket to shell out
$1.08M in one purchase. Whats your take?
