WhiteFiber shares plunged 18.36% in pre-market trading as technical indicators trigger selloff

December 16, 2025 - WhiteFiber shares plunged 18.3575% in pre-market trading, marking one of the most severe intraday declines in its trading history. The sharp selloff follows a series of technical indicators suggesting oversold conditions and triggered automated trading algorithms amplifying downward momentum.

Analysts attribute the volatility to broader market rotation out of growth sectors amid rising bond yields. The stock's recent earnings report showed mixed results with revenue growth falling short of estimates while cost controls exceeded expectations, creating divergent investor interpretations. Short-interest data reveals a significant increase in bearish positioning over the last three weeks, suggesting potential profit-taking in the current selloff.

Technical analysis highlights critical support levels at $12.35 and $11.00, with failure to hold above $11.00 likely triggering further liquidation pressure. Institutional investors have reduced exposure to the stock by 23% in the last quarter, according to latest regulatory filings, indicating structural undercurrents in the equity's positioning.

Market participants remain cautious as the stock approaches key Fibonacci retracement levels. The recent trading pattern suggests potential for continued volatility until the company provides clearer guidance on its capital allocation strategy following its upcoming investor day event in early January.