On July 7, NEBIUS fell 4.35% in pre-market trading, trading at approximately $207.19/share, with turnover of $9.94 million. The decline reflects continued pressure from multiple bearish catalysts that have weighed on the stock over the past week.
On the news front, concerns over Meta building an internal compute commercialization unit continue to weigh on sentiment. NEBIUS previously plunged approximately 17% on July 1 and fell nearly 6% on July 3, with short-term cumulative losses exceeding 20%. Although analysts noted that Meta lacks surplus capacity to sell externally, the prior trading session saw pre-market gains of over 3% fully reversed during regular hours. Additionally, CEO Arkadiy Volozh sold 46,627 shares on July 1 at $235.45 per share, partly to cover tax withholding on restricted stock units, adding to near-term bearish pressure. Options market data further confirmed bearish positioning, with bearish contracts totaling $27.21 million versus bullish contracts of $8.85 million, a net bearish skew of $18.36 million.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)