FireEye Lock-Up Expiration Not Twitter Round Two: StockTwits.com

NEW YORK (TheStreet) -- Twitter  (TWTR) round two? That was a question for FireEye  (FEYE) investors Tuesday ahead of the expiration of sales restrictions on millions of insider shares. And on StockTwits.com a majority said "no."

About 68% of FireEye's outstanding shares will become available for trading Wednesday. Investors in the security company have long braced for a scenario in which insiders, frustrated with FireEye's near 70% decline from March all-time-highs, will shed shares.

$FEYE Almost 74 mil shares eligible tomorrow are from the initial IPO from Sep 2013, initially priced at $13. Investor base were probably $5

? Mike (@scottsdalem) May. 20 at 05:30 PM

$FEYE For employee allocated stocks, it were given to them at less than $1 /share.

? Mike (@scottsdalem) May. 20 at 05:31 PM

$FEYE So either investor or employee, would like to lock profit at $30 before it tanks below $14, its intrinsic value. I rest my case.

? Mike (@scottsdalem) May. 20 at 05:33 PM

However, on Tuesday, many investors bet that the stock would go up as new investors, encouraged by a lack of insider selling, bought in and short sellers covered rather than risk more losses. Short interest in the stock is 10.31% of float, according to shortsqueeze.com.

$FEYE Today was a test by the MM they are going to squeeeeze the life out of the short sellers tomorrow....mark my words.

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