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Stock Of The Day: Getty Images — An Image Of Market Technicals
SSTKShutterstock(SSTK) Benzinga·2025-01-07 16:23

Shares of Getty Images Holdings, Inc. GETY are blasting off Tuesday. The company announced that it is merging with Shutterstock, Inc. SSTK. This will create a 3.7billionvisualcontentcompany.ThechartofGettyillustratesanimportantmarketdynamic.Evenwhenthereismajorfundamentalnews,technicalscanstillcomeintoplay.ThisiswhyitisourStockoftheDay.Inthemarket,certainpricelevelsaremoreimportantthanothers.Thiscanbeseenonthechartbelow.The3.7 billion visual content company.The chart of Getty illustrates an important market dynamic. Even when there is major fundamental news, technicals can still come into play. This is why it is our Stock of the Day.In the market, certain price levels are more important than others. This can be seen on the chart below. The 3.85 level has been importan ...