NEW YORK – Shares of Nebius Group N.V. (NasdaqGS: NBIS) are climbing today in a volatile session that saw the stock surge to a new 52-week high at the market open. The stock is currently trading at 2.52 or 4.86%, as of 11:04 AM EDT.
The trading day for NBIS began with a dramatic spike. After closing yesterday at $51.84, the stock gapped up to open at 55.75**. This peak not only marked the high point for the day but also established a new 52-week high for the company.
However, this initial rally was met with immediate profit-taking, causing a sharp reversal that sent the stock tumbling down to a session low of $52.32. Since that volatile swing, buyers have re-emerged, pushing the stock on a steady upward trend for the past hour. Trading volume is currently at 5.6 million shares.
Should You Buy or Sell NBIS Stock Today?
The stock’s wild price swings at the open present a complex picture for traders.
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For Potential Buyers: The intraday trend is currently bullish, as the stock is recovering well from its morning lows. However, the failure to hold the initial spike at the 52-week high is a cautionary sign. A risk-averse buyer might wait for the stock to consolidate or decisively break through the morning’s high of $55.75 before committing capital.
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For Existing Shareholders: Today’s rally to a new 52-week high is a positive development. The sharp pullback from that high could be a signal to secure some profits. Conversely, investors encouraged by the recovery from the lows may choose to hold their position, viewing the pullback as a healthy consolidation.
Our Opinion on the Stock
Nebius Group is displaying significant underlying strength today, underscored by its ability to set a new 52-week high and recover from a sharp sell-off. The battle between buyers and sellers was intense at the open, but buyers seem to be regaining control.
The key level to watch for the rest of the day is the high of $55.75. A successful push back towards and through this level would be a very strong bullish signal. If the stock fails to reclaim these highs, it may consolidate in its current range. With a 1-year analyst target estimate of $66.50, there appears to be long-term optimism, but traders should remain mindful of the demonstrated intraday volatility.
