RE:RE:RE:Risky as rates rise. Strong volume signals future panic
Northforce13 wrote: "...Feels like someone is selling..."
Yes, one institution is selling its MRC holdings - through RBC.
Based on the trading pattern of the last few weeks, the selling price has dropped from $143 to $142 and finally $141. The number of shares sold by RBC recently far exceeds 100,000 and very few institutions hold that many MRC shares:
Mackenzie 361,791
C.I. 227,587
Wesley 103,900
There has been no insider selling and some insider buying.
I expect the selling pressure will soon be over.
My wife and I sold a few weeks ago (near the peak) and - as indicated at the time - will be buying back should the shares drop below $140.00