Neutral/Negative Catalysts
- Short-term momentum deterioration: MACD is negative and worsening, which can cap immediate upside after the initial bounce.
- Hedge fund selling: "Hedge Funds are Selling" with selling amount up 134.18% QoQ (notable institutional headwind).
- Valuation pushback risk (from Street commentary): Some neutral-rated coverage has cited valuation looking "full" vs medium-term earnings potential.
- Mixed macro tape: Broader market was down (S&P 500 -0.48%), which can mute follow-through even after good earnings.