stock in a box"Normal" bid/ask distribution right now. But wait until closer to open. A series of 100K+ walls are suddenly added at every 1/2 cent increment to 50 cents. I have noticed that this has occured for numerous trading days.
Looks like 'walls' are being placed. Most likely the SP is being held down ("in a box") while some fund/individual accumulates millions of shares.
Eventually, somebody gets their 'fill' , the stock is allowed to run.
Seen this happen on many stocks over the years of trading.