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General Dynamics vs Thai Airways International: why the prices moved differently

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General Dynamics Corporation (GD)

Q3 2026
▲3

GD Wins Record Submarine Deal and Canadian Armored Vehicle Contract

  • Record $71.6B Submarine Deal General Dynamics secured a record $71.6 billion submarine contract, significantly boosting its backlog and providing long-term revenue visibility. This major award reflects strong demand for naval defense and supports future growth.

    This is a major new contract that directly boosts GD's backlog and future revenue, a key driver for the stock.

  • $1.4B Canadian Armored Vehicle Contract GD won a $1.4 billion contract to supply armored vehicles to Canada, adding to its international order book. This deal strengthens GD's position in land systems and provides additional revenue streams.

    This new international contract expands GD's backlog and demonstrates global demand for its military vehicles.

  • Q2 Earnings Beat and Raised Guidance General Dynamics reported Q2 earnings that beat estimates and raised its full-year guidance, signaling confidence in continued strong performance. This positive surprise likely lifted investor sentiment.

    Earnings beats and raised guidance are key catalysts that directly influence stock price by improving investor expectations.

  • Execution Risks and Supply Chain Pressures While demand is strong, risks include Trump's push to accelerate submarine production, supply chain pressures in Marine Systems, and technology obsolescence in legacy platforms. These could delay deliveries or raise costs, tempering the outlook.

    These risks provide a necessary counterweight to the positive drivers, showing potential challenges that could impact future performance.

September 2026
▲3

GD's Record Backlog and New Defense Deals Support Long-Term Growth

  • Record Backlog and Q2 Beat General Dynamics reported Q2 earnings of $4.24 per share, beating estimates, with revenue growth across all segments. Backlog hit $136.5 billion, plus $50.4 billion in potential awards, giving strong future revenue visibility. This supports the stock's fair value estimate of $414.17, about 9% upside.

    This is the core fundamental driver from the period, showing broad-based strength and a massive pipeline of future work.

  • 7-Year Missile Defense Agreements The U.S. DoD signed seven-year framework agreements with General Dynamics and Lockheed Martin to expand production of PAC-3 MSE and THAAD interceptor components. The deals guarantee minimum annual procurement quantities, providing long-term demand visibility. Financial benefits depend on final contract values and congressional funding.

    This is a major new demand signal that locks in years of work for GD's Ordnance and Tactical Systems unit.

  • Multiple Navy Contract Wins GD won several Navy contracts: a $194.14M modification for Fire Control Subsystem support, a $149.6M contract to maintain and modernize the USS Pinckney, and a $184.25M award for NGEAU production and sustainment. These add to the backlog and reinforce GD's role in naval modernization.

    These contract awards are new, concrete demand drivers that directly boost future revenue and backlog.

  • Supply Chain and Technology Risks Despite strong demand, supply chain pressures in Marine Systems and technology obsolescence risks in legacy platforms remain challenges. These could delay deliveries or increase costs, partially offsetting positive momentum. Investors should watch for execution issues.

    This is the main counterweight mentioned in the reporting, providing a balanced view of risks that could pressure the stock.

Latest
▲3

GD's Record Backlog and New Defense Deals Support Long-Term Growth

  • Record Backlog and Q2 Beat General Dynamics reported Q2 earnings of $4.24 per share, beating estimates, with revenue growth across all segments. Backlog hit $136.5 billion, plus $50.4 billion in potential awards, giving strong future revenue visibility. This supports the stock's fair value estimate of $414.17, about 9% upside.

    This is the core fundamental driver from the period, showing broad-based strength and a massive pipeline of future work.

  • 7-Year Missile Defense Agreements The U.S. DoD signed seven-year framework agreements with General Dynamics and Lockheed Martin to expand production of PAC-3 MSE and THAAD interceptor components. The deals guarantee minimum annual procurement quantities, providing long-term demand visibility. Financial benefits depend on final contract values and congressional funding.

    This is a major new demand signal that locks in years of work for GD's Ordnance and Tactical Systems unit.

  • Multiple Navy Contract Wins GD won several Navy contracts: a $194.14M modification for Fire Control Subsystem support, a $149.6M contract to maintain and modernize the USS Pinckney, and a $184.25M award for NGEAU production and sustainment. These add to the backlog and reinforce GD's role in naval modernization.

    These contract awards are new, concrete demand drivers that directly boost future revenue and backlog.

  • Supply Chain and Technology Risks Despite strong demand, supply chain pressures in Marine Systems and technology obsolescence risks in legacy platforms remain challenges. These could delay deliveries or increase costs, partially offsetting positive momentum. Investors should watch for execution issues.

    This is the main counterweight mentioned in the reporting, providing a balanced view of risks that could pressure the stock.

August 2026
▲4

GD Surges on Record Submarine Contract, Strong Q2, and New Defense Wins

  • Q2 Earnings Beat and Raised Guidance General Dynamics beat Q2 earnings estimates with revenue up 8.1% and raised its full-year 2026 outlook. This shows the company is growing faster than expected, boosting investor confidence and pushing the stock up.

    Earnings beat and raised guidance are key new financial results that directly lift investor sentiment and the stock price.

  • $71.6 Billion Submarine Contract Electric Boat won a $71.6 billion contract for 14 submarines, providing long-term demand certainty. This massive order secures years of revenue and supports investment in capacity and jobs, driving the stock higher.

    This is a major new contract award that significantly boosts GD's backlog and future revenue visibility.

  • Record $136.5 Billion Backlog GD reported a record backlog of $136.5 billion, reflecting strong demand across all segments. A large backlog gives revenue visibility for years, making investors more confident and supporting the stock price.

    The record backlog is a new metric from Q2 results that underscores the company's strong demand and future earnings potential.

  • New Defense Contracts and Financing Support GD won a $1.3 billion Army National Guard cybersecurity contract and JPMorgan launched a $1.5 trillion initiative to finance shipbuilding. These developments expand GD's business and improve funding for its programs, pushing the stock up.

    These are new contract wins and financial support that directly benefit GD's operations and growth prospects.

▲4

GD Surges on Record Submarine Contract, Strong Q2, and New Defense Wins

  • Q2 Earnings Beat and Raised Guidance General Dynamics beat Q2 earnings estimates with revenue up 8.1% and raised its full-year 2026 outlook. This shows the company is growing faster than expected, boosting investor confidence and pushing the stock up.

    Earnings beat and raised guidance are key new financial results that directly lift investor sentiment and the stock price.

  • $71.6 Billion Submarine Contract Electric Boat won a $71.6 billion contract for 14 submarines, providing long-term demand certainty. This massive order secures years of revenue and supports investment in capacity and jobs, driving the stock higher.

    This is a major new contract award that significantly boosts GD's backlog and future revenue visibility.

  • Record $136.5 Billion Backlog GD reported a record backlog of $136.5 billion, reflecting strong demand across all segments. A large backlog gives revenue visibility for years, making investors more confident and supporting the stock price.

    The record backlog is a new metric from Q2 results that underscores the company's strong demand and future earnings potential.

  • New Defense Contracts and Financing Support GD won a $1.3 billion Army National Guard cybersecurity contract and JPMorgan launched a $1.5 trillion initiative to finance shipbuilding. These developments expand GD's business and improve funding for its programs, pushing the stock up.

    These are new contract wins and financial support that directly benefit GD's operations and growth prospects.

July 2026
▲4

GD Gains on $1.4B Canada Deal, Submarine Push, and Record Backlog

  • Canada Armored Vehicle Contract General Dynamics won a $1.4 billion contract from Canada for 190 armored combat support vehicles, a four-year deal that adds to its backlog and reinforces its position in military vehicles. This new order signals continued international demand and supports future revenue, pushing the stock up.

    This is a new, concrete contract award that directly boosts GD's order book and revenue visibility.

  • Trump Urges Faster Submarine Production President Trump publicly urged General Dynamics to accelerate submarine production, citing a planned $2.5 billion investment. While pressure to speed up could pose execution challenges, the attention underscores strong demand and potential for more funding, which investors view as positive for future growth.

    This is a new high-profile political push that highlights demand and potential investment in GD's submarine business.

  • Record Backlog and Strong Financials General Dynamics reported a record backlog near $131 billion, with Marine Systems revenue up 21% and solid cash flow. This backlog provides years of revenue visibility and reflects robust demand, giving investors confidence in steady earnings growth and supporting the stock price.

    This new data point quantifies GD's strong order book and financial health, a key driver of investor confidence.

  • Analyst Optimism Ahead of Earnings Analysts are growing more optimistic about General Dynamics ahead of its late-July earnings, citing confidence in submarine contract wins and an improved earnings outlook. This positive sentiment can attract buyers and lift the stock as investors anticipate strong results.

    This is a new development in analyst sentiment that can influence near-term stock performance.

▲4

GD Gains on $1.4B Canada Deal, Submarine Push, and Record Backlog

  • Canada Armored Vehicle Contract General Dynamics won a $1.4 billion contract from Canada for 190 armored combat support vehicles, a four-year deal that adds to its backlog and reinforces its position in military vehicles. This new order signals continued international demand and supports future revenue, pushing the stock up.

    This is a new, concrete contract award that directly boosts GD's order book and revenue visibility.

  • Trump Urges Faster Submarine Production President Trump publicly urged General Dynamics to accelerate submarine production, citing a planned $2.5 billion investment. While pressure to speed up could pose execution challenges, the attention underscores strong demand and potential for more funding, which investors view as positive for future growth.

    This is a new high-profile political push that highlights demand and potential investment in GD's submarine business.

  • Record Backlog and Strong Financials General Dynamics reported a record backlog near $131 billion, with Marine Systems revenue up 21% and solid cash flow. This backlog provides years of revenue visibility and reflects robust demand, giving investors confidence in steady earnings growth and supporting the stock price.

    This new data point quantifies GD's strong order book and financial health, a key driver of investor confidence.

  • Analyst Optimism Ahead of Earnings Analysts are growing more optimistic about General Dynamics ahead of its late-July earnings, citing confidence in submarine contract wins and an improved earnings outlook. This positive sentiment can attract buyers and lift the stock as investors anticipate strong results.

    This is a new development in analyst sentiment that can influence near-term stock performance.

Q2 2026
▲4

GD Rides Defense Demand Wave with New Contracts and Strong Earnings

  • New Navy Torpedo Contract General Dynamics won a $116.6 million Navy contract modification for MK 54 torpedo hardware, with work through 2029. This adds to the company's backlog and supports future revenue, pushing the stock up as investors see steady demand.

    This is a new contract award that directly boosts GD's order book and future sales.

  • Abrams Engineering Contract Modification A $209.3 million contract modification for Abrams engineering work raises the total contract value to nearly $849.9 million. This long-term program through 2031 provides revenue visibility and reinforces GD's strong position in military vehicles.

    This new contract modification increases GD's backlog and signals continued demand for its land systems.

  • Strong Q1 Earnings Beat General Dynamics reported Q1 revenue of $13.48 billion, up 10.3% and beating estimates by 5.9%, with better-than-expected operating income and EPS. Since reporting, the stock is up 14.5%, reflecting investor confidence in the company's performance.

    This is a new earnings report that shows GD's financial strength and has already driven the stock higher.

  • NATO Summit and Defense Spending Boost NATO allies are preparing €70 billion in military aid to Ukraine and pushing toward 5% of GDP defense spending. This increases demand for defense products, benefiting General Dynamics as a major contractor with a large backlog.

    This new geopolitical development signals higher future defense budgets, which should lift demand for GD's offerings.

June 2026
▲4

GD Rides Defense Demand Wave with New Contracts and Strong Earnings

  • New Navy Torpedo Contract General Dynamics won a $116.6 million Navy contract modification for MK 54 torpedo hardware, with work through 2029. This adds to the company's backlog and supports future revenue, pushing the stock up as investors see steady demand.

    This is a new contract award that directly boosts GD's order book and future sales.

  • Abrams Engineering Contract Modification A $209.3 million contract modification for Abrams engineering work raises the total contract value to nearly $849.9 million. This long-term program through 2031 provides revenue visibility and reinforces GD's strong position in military vehicles.

    This new contract modification increases GD's backlog and signals continued demand for its land systems.

  • Strong Q1 Earnings Beat General Dynamics reported Q1 revenue of $13.48 billion, up 10.3% and beating estimates by 5.9%, with better-than-expected operating income and EPS. Since reporting, the stock is up 14.5%, reflecting investor confidence in the company's performance.

    This is a new earnings report that shows GD's financial strength and has already driven the stock higher.

  • NATO Summit and Defense Spending Boost NATO allies are preparing €70 billion in military aid to Ukraine and pushing toward 5% of GDP defense spending. This increases demand for defense products, benefiting General Dynamics as a major contractor with a large backlog.

    This new geopolitical development signals higher future defense budgets, which should lift demand for GD's offerings.

▲4

GD Rides Defense Demand Wave with New Contracts and Strong Earnings

  • New Navy Torpedo Contract General Dynamics won a $116.6 million Navy contract modification for MK 54 torpedo hardware, with work through 2029. This adds to the company's backlog and supports future revenue, pushing the stock up as investors see steady demand.

    This is a new contract award that directly boosts GD's order book and future sales.

  • Abrams Engineering Contract Modification A $209.3 million contract modification for Abrams engineering work raises the total contract value to nearly $849.9 million. This long-term program through 2031 provides revenue visibility and reinforces GD's strong position in military vehicles.

    This new contract modification increases GD's backlog and signals continued demand for its land systems.

  • Strong Q1 Earnings Beat General Dynamics reported Q1 revenue of $13.48 billion, up 10.3% and beating estimates by 5.9%, with better-than-expected operating income and EPS. Since reporting, the stock is up 14.5%, reflecting investor confidence in the company's performance.

    This is a new earnings report that shows GD's financial strength and has already driven the stock higher.

  • NATO Summit and Defense Spending Boost NATO allies are preparing €70 billion in military aid to Ukraine and pushing toward 5% of GDP defense spending. This increases demand for defense products, benefiting General Dynamics as a major contractor with a large backlog.

    This new geopolitical development signals higher future defense budgets, which should lift demand for GD's offerings.

Thai Airways International Public Company Limited (THAI.BK)

Q3 2026
▲2▼2

Thai Airways Q3 mixed: profit trough, but fuel, lock-up, floods weigh

  • Q2 profit trough and core earnings beat Q2 marked the profit trough, with core earnings beating expectations on higher fares and cargo revenue. This suggests the worst may be over, supporting recovery hopes.

    It signals a potential turning point in profitability, a key driver for the stock.

  • Lower oil prices and broker upgrades Lower oil prices and broker upgrades (KKPS Buy, 9.20 baht target) provided support. Fleet expansion under Jump+ plan and FTSE Small Cap inclusion also boosted sentiment.

    These factors directly improve cost outlook and investor perception, driving price.

  • Q2 profit plunge and share lock-up expiry Q2 profit plunged 87% on doubled jet fuel costs and weak demand. The expiry of a 19.8bn-share lock-up created heavy selling pressure, weighing on the stock.

    These are major negative events that pressured the stock price during the quarter.

  • Bangkok flooding and CEO suspension Bangkok flooding caused cancellations, a 12,000-ton cargo backlog, and 30% capacity cuts. The CEO's suspension adds leadership uncertainty, further dampening investor confidence.

    Operational disruptions and management instability are significant negative drivers.

September 2026
▲2▼2

Thai Airways: FTSE boost, flood disruptions, CEO suspended

  • FTSE Small Cap inclusion and winter schedule expansion Thai Airways joined the FTSE Small Cap index and expanded its winter schedule to 998 weekly flights. Strong bookings with an 85% cabin factor support its 200 billion baht revenue target.

    This point highlights the positive operational and market developments that drove investor sentiment during the period.

  • Bangkok flooding causes flight cancellations and cargo backlog Severe flooding in Bangkok forced dozens of flight cancellations, stranded over 5,600 bags, cut capacity by 30%, and suspended cargo operations with a 12,000-ton backlog, disrupting operations.

    This point captures the major operational disruption that negatively impacted the airline's performance during the period.

  • CEO suspended pending investigation The board suspended CEO Chai Eamsiri pending an investigation, creating leadership uncertainty and potentially affecting strategic execution and investor confidence.

    This point addresses the governance and leadership risk that emerged during the period.

  • Brokers recommend gradual accumulation on cheap valuation Brokers recommend gradual accumulation, citing a cheap 6.9x 2027 P/E, a 7.56 baht target, lower fuel costs, and expected high-season earnings recovery, despite recent disruptions.

    This point shows analyst optimism and the factors that could drive future price recovery.

Latest
▼3▲1

Flood crisis hits Thai Airways operations, CEO suspended; recovery and cheap valuation in focus

  • Flooding forces flight cancellations and baggage chaos Bangkok flooding left ground staff unable to reach work, so Thai Airways cancelled dozens of flights, stranded over 5,600 bags, and cut Bangkok capacity by about 30%. This directly hits peak-season revenue and adds compensation costs, weighing on the shares.

    This is the core new event that explains the sharp drop in THAI shares this period.

  • Cargo operations suspended, 12,000 tons backlogged Thai Airways halted inbound and outbound cargo at Suvarnabhumi from October 1–6 after flooding caused a staffing shortage, leaving about 12,000 tons of goods stuck. The government pressured the airline to fix it fast, adding to reputational and financial damage.

    Cargo is a meaningful profit source and the suspension is a new operational blow not previously reported.

  • CEO suspended, board launches investigation The board suspended CEO Chai Eamsiri and appointed an acting chief pending a fact-finding probe into crisis management. Leadership uncertainty and possible governance issues are a short-term overhang, though brokers see limited profit impact if operations normalise quickly.

    This is a major new governance event that adds uncertainty and affects investor confidence.

  • Recovery underway, brokers see cheap valuation and Q4 rebound Thai Airways restored most flights by October 1–3 and cleared the baggage backlog. Brokers recommend gradual accumulation, citing a 7.56 baht consensus target, a cheap 2027 P/E of 6.9x, lower fuel costs, and a high-season earnings recovery.

    This provides the counterweight: the operational crisis is easing and analysts still see value and a Q4 rebound.

▲3

Thai Airways: index inclusion, winter schedule, and bookings offset fuel cost pressure

  • FTSE Small Cap inclusion draws index-tracking buyers Thai Airways joined the FTSE Small Cap index effective September 18-21, 2026. Funds that track the index must buy the stock, creating steady demand. This is a one-time technical event that can lift the share price as new buyers step in.

    This is a new, concrete event that directly increases demand for THAI shares.

  • Winter schedule adds flights and routes, boosting revenue outlook Thai Airways launched its winter 2026/2027 schedule with 998 weekly flights across 66 routes, including a new Bangkok-Da Nang service and more flights to Europe. More flights mean more revenue, supporting the company's 200 billion baht full-year target.

    This is a new operational expansion that directly supports future revenue and earnings.

  • Strong bookings and 85% cabin factor signal resilient demand KGI Securities said 3Q69 bookings grew year on year, helped by a European route recovery and an 85% cabin factor. The fourth quarter is expected to grow with the tourism season. This shows demand is holding up despite high fuel costs, supporting earnings.

    This is new analyst evidence that passenger demand remains strong, a key driver of profit.

  • CEO search adds uncertainty but also a chance for fresh strategy Thai Airways opened applications for a new CEO to succeed Chai Eamsiri, whose term ends in January 2027. The new leader must handle 80 billion baht in debenture debt and a 55-aircraft order plan. Uncertainty over leadership can weigh on the stock, but a strong new CEO could improve execution.

    This is a new governance event that could affect investor confidence and future strategy.

August 2026
▲3▼1

Thai Airways: fuel spike hits Q2, but upgrades and recovery bets lift outlook

  • Q2 profit plunges 87% on fuel spike Thai Airways' second-quarter profit fell 87% to 1.528 billion baht as jet fuel prices more than doubled due to Middle East unrest. Fewer passengers and a lower load factor added pressure, showing how fuel and travel demand directly hit earnings.

    This is the period's biggest negative event and explains why the stock faced pressure.

  • Brokers: core profit beat despite fuel Analysts said core profit was stronger than expected, helped by higher fares and cargo revenue. Most kept buy or hold ratings and expect a clear recovery in the fourth quarter as peak travel season begins and fuel hedging rises to 40%.

    It shows the market looked past the headline profit drop and focused on underlying strength.

  • Fleet and route expansion targets 2028 growth Thai Airways reaffirmed its Jump+ plan, targeting 14-15% revenue growth in 2028 and expanding its fleet from 84 to 128 aircraft. New routes to Xiamen and Da Nang and more European flights signal confidence in future demand.

    It gives a concrete long-term growth path that supports the investment case.

  • KKPS upgrades to Buy, target 9.20 baht KKPS upgraded Thai Airways to Buy and raised its target price to 9.20 baht, citing higher fares, market share gains from low-cost and Middle Eastern carriers, and rising profit through 2028. Middle East conflict pushing oil higher remains the key risk.

    A fresh analyst upgrade with a much higher target directly boosts investor sentiment.

▲3▼1

Thai Airways: fuel spike hits Q2, but upgrades and recovery bets lift outlook

  • Q2 profit plunges 87% on fuel spike Thai Airways' second-quarter profit fell 87% to 1.528 billion baht as jet fuel prices more than doubled due to Middle East unrest. Fewer passengers and a lower load factor added pressure, showing how fuel and travel demand directly hit earnings.

    This is the period's biggest negative event and explains why the stock faced pressure.

  • Brokers: core profit beat despite fuel Analysts said core profit was stronger than expected, helped by higher fares and cargo revenue. Most kept buy or hold ratings and expect a clear recovery in the fourth quarter as peak travel season begins and fuel hedging rises to 40%.

    It shows the market looked past the headline profit drop and focused on underlying strength.

  • Fleet and route expansion targets 2028 growth Thai Airways reaffirmed its Jump+ plan, targeting 14-15% revenue growth in 2028 and expanding its fleet from 84 to 128 aircraft. New routes to Xiamen and Da Nang and more European flights signal confidence in future demand.

    It gives a concrete long-term growth path that supports the investment case.

  • KKPS upgrades to Buy, target 9.20 baht KKPS upgraded Thai Airways to Buy and raised its target price to 9.20 baht, citing higher fares, market share gains from low-cost and Middle Eastern carriers, and rising profit through 2028. Middle East conflict pushing oil higher remains the key risk.

    A fresh analyst upgrade with a much higher target directly boosts investor sentiment.

July 2026
▲2▼2

THAI's Q2 profit troughs as 20bn share unlock pressures price, but lower oil offers recovery

  • Q2 profit set to be year's lowest Brokers expect THAI's Q2 2026 profit to plunge 88-91% from a year earlier to 850m-2.27bn baht, hit by high fuel costs and Middle East conflict. This weak earnings picture weighs on the shares.

    Directly explains the weak earnings backdrop driving the stock.

  • 19.8bn share lock-up expiry creates selling pressure On 4 August, 19.8bn shares (70% of total) from debt-to-equity conversion became tradable. Creditors who got shares at ~2.5 baht can sell at a profit, adding a large supply overhang that pushes the price down.

    This is the main new supply event pressuring the stock.

  • U-Tapao MRO lease signed, long-term revenue stream THAI signed a 50-year lease for a 210-rai maintenance site at U-Tapao, investing ~13bn baht. Operations start 2030, adding a new long-term revenue source and government partnership, which supports the stock's long-term value.

    New capital project that adds long-term value and is a positive driver.

  • Lower oil prices and Q3 recovery hopes Brent crude fell below $80 on hopes of a Strait of Hormuz deal, cutting jet fuel costs. Brokers see Q2 as the trough and expect Q3 improvement, with some upgrading THAI to buy, which supports the share price.

    Shows the positive counterweight that could lift the stock after the lock-up.

▲2▼2

THAI's Q2 profit troughs as 20bn share unlock pressures price, but lower oil offers recovery

  • Q2 profit set to be year's lowest Brokers expect THAI's Q2 2026 profit to plunge 88-91% from a year earlier to 850m-2.27bn baht, hit by high fuel costs and Middle East conflict. This weak earnings picture weighs on the shares.

    Directly explains the weak earnings backdrop driving the stock.

  • 19.8bn share lock-up expiry creates selling pressure On 4 August, 19.8bn shares (70% of total) from debt-to-equity conversion became tradable. Creditors who got shares at ~2.5 baht can sell at a profit, adding a large supply overhang that pushes the price down.

    This is the main new supply event pressuring the stock.

  • U-Tapao MRO lease signed, long-term revenue stream THAI signed a 50-year lease for a 210-rai maintenance site at U-Tapao, investing ~13bn baht. Operations start 2030, adding a new long-term revenue source and government partnership, which supports the stock's long-term value.

    New capital project that adds long-term value and is a positive driver.

  • Lower oil prices and Q3 recovery hopes Brent crude fell below $80 on hopes of a Strait of Hormuz deal, cutting jet fuel costs. Brokers see Q2 as the trough and expect Q3 improvement, with some upgrading THAI to buy, which supports the share price.

    Shows the positive counterweight that could lift the stock after the lock-up.

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