Personally I'm of the opinion that the shareholders of Exro have every reason to be excited going into the closing weeks of the year, and on into the next several months.
It should be obvious to everyone here that , given the recent volumes and stock-price action, the market is undergoing a paradigm-shift in it's appraisal of Exro's prospects and its future cash flows.
Certainly volumes have contracted somewhat very recently, but this is to be expected during consolidation after a very big move, and particularly at this time of year.
Nevertheless, the 50-day average volume sits at 271,000 shares today, and the 30-day average is at
336,000. ..Volumes are still actually increasing. Unusual for December.
This stock has held up incredibly well after a quick triple.
The volumes and block-trading activity are sure signs of institutional activity, and the price action tells us the institutions aren't getting involved to sell this stock.
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RE:Great time to buy
- The offering is expected to close on or about December 22, 2022
"On or about Thurday.".
If the issue is sold out, including the over-allotment option, which very likely was, the company will likely announce this closing ASAP.
Then the company will be free once again to issue press releases.
"On or about" doesn't rule out tomorrow.
Some buyers who have been sitting on the sidelines will probably get "trigger-finger" before the news.