Something Happening with TOU?3 days in last week the first trade of the day has been significant. May 6 - 3.3 million, May 10 - 7.1 million and May 13 - 3.2 million for a total of 13.6 million shares traded in 3 trades which is equivalent to 4% of total outstanding shares (351.5 total shares). I think a company is accumulating shares . Of course it also means others are divesting shares. Is this related to short covering or one (or more) companies trying to accumulate a significant share volume? Or is it just that some large funds see the future value of TOU and are trying to accumulate for the future forecasted large increase in share value?
Very interesting ! Regardless this fine company is going up, with only occasional small drops followed by speedy recoveries IMO.