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Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.


TSX:ARE - Post by User

Comment by Gabrielon Jan 31, 2024 10:52pm
127 Views
Post# 35856318

RE:1.291 million

RE:1.291 million It is likely due to one of the following reasons, more likely the first 

1. Two institutions agreed to exchange a large block of shares at a convened or at the closing price of the day through a broker who arranged the deal between a seller and a buyer;

2. A market maker had to sell a large number of long options or had to buy too many put options, disrupting the market neutral position, now skewed to short. In order to balance the position back to neutral, ie, make money only between the bid and the ask, regardless of where the stock is heading, the market maker needs to buy a large volume of stock to compensate the short position. I don't think this is the case because Aecon has a very large bid-ask spread on its options, enough to deter the smartest..

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