On August 21, NEBIUS rose 3.44% in pre-market trading, trading at 228.89 USD/share, with turnover of approximately $14.68 million. The stock is staging a technical rebound after cumulative selling pressure from the prior two sessions was largely absorbed.

The rebound follows a roughly 14% pullback triggered by the company's announcement on August 19 of a proposed $4.5 billion convertible senior notes offering under Rule 144A. The issuance is structured in two series: $2.75 billion 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 continued growth expenditures. The large-scale convertible debt offering initially sparked significant equity dilution concerns, driving heavy selling across two consecutive sessions.

With short-term selling pressure now largely exhausted, the stock appears to be experiencing an oversold technical bounce. Notably, options market activity on August 21 showed concentrated bearish positioning, including an $11.75 million deep out-of-the-money put purchase, suggesting some institutional participants remain cautious on the medium-term outlook despite the near-term recovery.

(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.)