Pre-split base
float ~19.97M shares
Post-split micro-float
float ~665,811 shares
Micro-float squeeze and exit asymmetry
retail flow
~502M shares
price up
pulls the quote up ahead of the split
the split: micro-float threshold
pre-split base
float ~19.97M shares
consolidation
post-split float
~665,811 shares
exit asymmetry
hidden low-cost sellers
low basis, exit into the pop
sell into the pop
later buyers
no listed options to hedge
unwind when volume fades
volume exit floor
no exit floor