Seeking Alpha

Nimble falls below $25 ahead of lockup expiration

  • 62M Nimble (NMBL -2.5%) shares (over 85% of outstanding shares) become eligible for sale tomorrow as the company's lockup expires.
  • The fact shares are down 58% from a high of $58 might keep a lid on selling. As might the fact 3.1M shares (~30% of the current float) were shorted as of May 15.
  • Previous: Street mulls growth, lockup following Nimble's earnings
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