Mar. 2 at 3:06 PM
$ZURA is trading near
$6.60 after pricing and closing its
$134.6M–
$144M public offering at
$6.25, which explains the recent supply pressure and rejection near the
$7.20 supply zone,
while strong demand remains layered around
$6.20–
$6.35; technically, holding above the offering price is constructive and suggests absorption,
with upside toward
$7.00–
$7.20 if buyers regain control, but a break below
$6.20 risks a fade toward
$5.90. Fundamentally, the capital raise materially strengthens the balance sheet and reduces near-term financing overhang, which is positive longer term despite dilution.
