Jul. 1 at 7:51 PM
$GTM I read the filings. Here's what I see:
CEO Henry Schuck bought 1.5M shares at
$8.49 in August 2024. Then bought another 492K shares at
$10.25 in November 2024. That's
$17.8 million of his own money. Open market. Not RSU grants or options. Cash out of his pocket into the stock.
The stock is
$2.88 today. He's underwater by roughly
$13 million on those buys. He hasn't sold a single share. Still holding all 18.3 million of them.
Now look at the chart. The daily and 4hr are both building a massive bullish divergence. Price keeps making lower lows while momentum indicators refuse to follow. That's supply exhaustion. Sellers are spent. The stock dropped 79% from
$12.51 to
$2.54 and is compressing in a box right now. And in or around the 24 of July, it meets the downtrend line, one week before earnings...
Float: 229.6M shares.
Short Float: 17.16%.
Days to Cover: 3.17.
Short Interest: 39.41M shares.
Where it gets interesting: The company has
$1.14 BILLION in remaining buyback (continued)
