It is a function of two things in my opinion. People are reluctant to sell and the major shareholders are holding more and more of the company with less small retail available to buy. What it does show though is when it moves, it should move without to much resistance as it has shown over the last week. We might cop some from Peloton placement around raise price but then onwards and upwards from there.
No doubt there is still some volatility in world markets left but in the most part I think it has been factored into this stock already. We are in a great space, progressing daily as a company and have a bunch of news over the next year. If someone, or a group want to come in and buy 10 million shares on market this would explode. Good place to be in!
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