Why is nbis going down

Nebius Group (NBIS) experienced a decline of 3.39% on June 5. The recent downturn of NBIS stock can be attributed to **Financial Announcement Impact**. On June 1, Nebius disclosed plans to raise $1 billion through a private placement of convertible notes, which included $500 million of 2% notes due in 2029 and $500 million of 3% notes due in 2031. This significant financial move likely led to a 7.2% drop in premarket trading on June 1. The market may have had concerns about the company's financial health and strategic direction due to the substantial debt burden that convertible notes represent. Moreover, the private placement of convertible notes might have been perceived as a dilution of existing shares, which could lead to a negative perception among investors. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |NBIS|NBIS.O|Nebius Group|20250519|0.6431|185| |NBIS|NBIS.O|Nebius Group|20250520|4.2066|185| |NBIS|NBIS.O|Nebius Group|20250521|-0.5621|185| |NBIS|NBIS.O|Nebius Group|20250522|-2.8777|185| |NBIS|NBIS.O|Nebius Group|20250523|2.0899|185| |NBIS|NBIS.O|Nebius Group|20250527|3.1874|185| |NBIS|NBIS.O|Nebius Group|20250528|-0.5525|185| |NBIS|NBIS.O|Nebius Group|20250529|-3.9394|185| |NBIS|NBIS.O|Nebius Group|20250530|-3.3912|185| |NBIS|NBIS.O|Nebius Group|20250602|-1.9864|185|