NBIS · PEAD ↑ 100

Print-day reaction was +4.2% versus the prior close, as NBIS gapped higher at the open and held the move through the session. The overnight gap to the T+1 open added another +2.8%, signalling continued demand with no after-hours fade. Day 1-to-3 drift was an additional +27.6%, a forceful continuation rather than any mean-reversion — the initial positive reaction compounded across the full three-day window. Cumulative abnormal return of +29.3% against SPY.US places this firmly in PEAD long territory; the documented drift pattern carries the read through 2026-07-27.