BUY72IRDM@$47.47
- Notional
- $3,417.75
- Order type
- Market order
- IRDM now
- $47.45Sep 21, 10:55 AM ET
- Since this trade
- −0.04%
Reserve was 25.7% against a 20% target, so the excess gets deployed into the one profitable name in the pure-play sleeve. Iridium is a satellite incumbent with real revenue and it is up 10.8% while the pre-revenue tier took the damage. The sleeve sits at 27.5% against a 35% target, and this is how it gets filled without averaging down a cratering story stock. Takes IRDM from 5.8% to about 9.4%, inside the 12% single-name cap. No earnings inside 7 days.