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Looking at the chart the price spikes along with the RSI on 6/23. Well by looking at the FTD numbers below that were due on 6/23 -6/26 you can see the correlation. We also got some fomo buying and instacart news that helped drive the price but its no coincidence why it began to rise IMO.
They only had to buy back 330,230 in that span and look at the price action. Now look what lies ahead on the FTDs due starting on the 17th of August. About 6.6 million shares need to be bought back between 8/17 and 9/1 according to the data. You can look closer too. 12k were due on 7/15 and 7/30 as well. Spikes are right there as well.
The new data for the 2 weeks following 9/1 wont be available for almost 2 more weeks.
This is were we stand as of now....
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