$NBIS Stock: Brennan Just Increased His Stake (Huge Update!)

Added: 2026-06-01

[00:00:02]The algos we have uh was indicating that today was going to be a down day today, the 28th of uh May 2026.

[00:00:10]A down day for NBIX, but um asking Brennan, Leopold A. Ask Brennan, he has uh optic stake, increased he increased his stake in NBIX.

[00:00:21]Okay, the his fund disclosed it now owns 12.41 million class A shares of NBIX since yesterday, the 27th, worth around 2.86 billion dollars based on the closing price of 208.37 dollars yesterday.

[00:00:39]That represents a 5.6% stake in the company.

[00:00:44]Okay, so the stock is now up uh 10.63%.

[00:00:48]Okay, so if it holds this uh 10.63 6 10.63% gain, then uh the year-to-date gain uh for NBIX will be approximately almost uh 150%.

[00:01:04]Okay, so that's what's going on. So, um yes, the the algos was was expecting that today was going to be a down day, but that's not what we have.

[00:01:15]Okay, on its weekly chart, on the line trend is uh strongly bullish and uh technically it's also rallying.

[00:01:21]Um it has the structure intact or rather in the right order. The 10-week moving average leading the 21-week, the 21-week leading the 40-week, the 40-week leading the 200-week, all to the upside.

[00:01:33]>> [snorts] >> Even though it has been uh contracting since um the 18th of May up till uh this past Tuesday, the 26th, the algos uh uh still indicating that um it may maintain um well, the strength it has.

[00:01:49]Uh it still has uh up till um the 15th of June, then after that we might see uh some contraction play out, maybe towards uh towards the end of the this year 2026.

[00:02:00]And here we have a downward projection of 130.23.

[00:02:04]Uh I'm tempted to say that the algos we have are just quite good at projecting downward projections.

[00:02:10]Well, what are what are the odds of that happening? What are the odds of it printing all the way down to 130.23?

[00:02:16]That would be really brutal.

[00:02:20]>> [snorts] >> Okay, this is the daily chart. I can see here it was saying today it was going to be a down day, but a reversal has happened. After the blues Um the fund disclosed its disclosed its stake. It's increased stake stake in the company. So, but all we can take here is that uh technically regardless of what looks like some consolidation uh that has been playing out, the stock is technically still rallying as well.

[00:02:46]We have the same order here.

[00:02:49]Um the fastest of the moving the fastest moving averages are leading the slower ones to the upside, you know, so it's technically rallying.

[00:02:58]And here we have a range of projections.

[00:03:01]Beginning from the least, we have 175.47, 183.96, 197.72, 211.76, uh 241.92, 260.62.

[00:03:15]It's currently trading at 230. Okay, 230 now.

[00:03:19]And it's printed an intraday high of 240.89 yesterday. Yeah, yesterday.

[00:03:26]Yeah, in the post-market session of yesterday.

[00:03:29]Okay, so um the um those projections, the current price and the the the intraday high, they all lie within these projections it has currently.

[00:03:42]So, the 4-hour chart has reflected what's going on right now. Yes, and it's saying that it may maintain the strength up till a few are an hour and there about before the open of today's trading session, then after that it might um cool off somewhat. Yeah, it could off by some amount and then I'll resume the uptrend again by by Friday. So, all in all it's a saying we should expect um higher prices with volatility all the way towards Thursday, all the way towards Wednesday the 3rd of June. No guarantee that that will be the case. And [snorts] here are the projections um uh a little more well, yeah, pretty much ambitious. We have 244.64 to 68.11 to 82.60.

[00:04:25]And the line [clears throat] trend on this 4-hour chart is also strongly bullish as well. Technically it's also rallying as well. We have the 10-day No, I think um it's actually considered dating here. Let me see. Let me just confirm.

[00:04:38]This strip here holds the moving averages, so um the first value is the 10-day moving average. Okay, so yes, it's technically rallying. You can see here they're all in um they're all in an ascending order. Okay, they're all in an ascending order. The the 10 the the 10 is leading the 21. The 21 is leading the um 40. The 40 is leading the 200, so they're all in the ascending order. This is Technically you can say that it's a rallying even though we can clearly see here that it's uh it's been consolidated. So, it's it's it's consolidating within a um longer-term bullish trend.

[00:05:20]Longer-term in this in the sense of this 4-hour chart, it's not in the not in the broader the the broader scheme of of uh things, you know, so yeah, just within this uh 4-hour chart it is uh um consolidating within um a technically technically bullish structure. Yeah.

[00:05:41]Okay, so that's what's going on right now um NBI S. Um Um, yeah, so far um 44 49 well, the market has just, uh, the pre-market session just opened now. Not a lot of shares have just, uh, have crossed the tape. So, let's see how it goes.

[00:05:55]And I'll continue to update you. Thank you very much for watching this video.