Todays push to bring VWAP down to $6.00 per shareHeavy selling from Haywood securities together with Anonymous and CIBC are responsible for this mornings HEXO price movement. CIBC has been critical of HEXOs expansion plans and is doing what it can to drop the stock. They comprise the three top sellers
House | Bought | $Val_B | Ave_B | Sold | $Val_S | Ave_S | Net | $Net |
79 CIBC | 1,194,517 | 7,135,641 | 5.974 | 1,250,654 | 7,469,018 | 5.972 | -56,137 | 333,377 |
62 Haywood | 0 | | 212,500 | 1,283,156 | 6.038 | -212,500 | 1,283,156 |
1 Anonymous | 420,019 | 2,516,305 | 5.991 | 688,849 | 4,106,337 | 5.961 | -268,830 | 1,590,032 |
It seems that the big push today ws to bring the VWAP down to $6.00 per share. That happened at 11:25 Eastern.
See Image of today VWAP movement Maybe it;s just coincidence, but Molson has options to purchase 5% of HEXO at $6.00 per share. Is this what the market wants to price HEXO at?