Not a bull or bear.. likely to drift back down into 1-1.50 range and some day again pop like it has several times over past 3-4 yrs.. probably mini pops on a company tweet.
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Seriously.. Are they going to do an insider sale or issue more shares ? Not a bear or short but as soon as I buy they do a dilutive secondary knocks us down.
7:50a ET 5/27/2021 - Benzinga
Stem Filing From Late Wednesday Shows Filing For Offering Of Up To 52.11M Shares By Selling Shareholders
When is the secondary offering insider stock sale ? Those typically get priced below market and knock down on announcement
4:50p ET 4/28/2021 - Dow Jones
Press Release: Stem Completes Business Combination with Star Peak Energy Transition Corp.
Mentioned: STPK
Stem Completes Business Combination with Star Peak Energy Transition Corp.
Creates first publicly traded pure-play smart energy storage company
Results in over $600 million of gross cash proceeds to Stem
Stem's common stock to begin trading on the NYSE under symbol "STEM" on April 29, 2021