What are the key factors behind the recovery of SKY's stock price?
Recently, the stock performance of Sky TV (
#sky ) has been particularly eye-catching. In just a few days, the price of SKY not only successfully broke through the downward trend line but also welcomed a double-digit increase, prompting many investors to discuss: what has driven this wave of increase? Based on market data and analysis, several core factors can be summarized.
First, the surge in token buybacks is an important driver of price increases. Since the beginning of November, the buyback volume of SKY has been continuously rising, with a total of 1.395 billion tokens, a market value of approximately 65.64 million USD, including an addition of 6.21 million tokens.