On August 24, NEBIUS fell 3.03% overnight, trading at $212.41/share, with turnover of $28.34 million.

On the news front, lingering dilution concerns from the company's August 19 announcement of a proposed $4.5 billion convertible senior notes offering continued to pressure the stock. The offering comprises $2.75 billion in notes due 2030 and $1.75 billion due 2034, with an additional overallotment option of up to $675 million. Net proceeds are earmarked for data center construction and growth expenditures.

Since the announcement, shares have cumulatively pulled back approximately 14% and briefly rebounded, but bearish sentiment persists. On August 22, a $1.04 million far-dated out-of-the-money PUT purchase targeting a $170 strike appeared in the options market, signaling continued defensive positioning among institutional participants. The options market Call/Put volume ratio has remained below 1.0, further confirming that bearish trading activity continues to dominate.

(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.)