Neutral/Negative Catalysts
- Trend remains bearish by moving averages; rallies can fail below resistance (~2.99).
- Gross margin declined YoY (53.33%, down ~4.17%), which can pressure quality of earnings if it continues.
- No clear event-driven catalysts from news, and trading trends show hedge funds/insiders as neutral (no strong sponsorship signal).
- Congress/politician activity: no recent data to indicate influential buying support.