RE: 50,000 sell at.the close?I don't know why you are making that statement.
There was no visible block that size at the close. To the contrary there was a flurry of small buy at the close from different houses. The stock price increased at the close which is an indication there were more buyers than sellers. Someone bought 11,900 shares @$7.50 at 15:56 and 22,200 shares @$7.46 at 15:57 and then there was many little transactions to close the day at $7.40.
Recent Trades - Last 10 of 1770
Time ET
Ex
Price
Change
Volume
Buyer
Seller
Markers
15:59:50
T
7.40
1.15
800
79 CIBC
65 Goldman
K
15:59:49
T
7.40
1.15
500
79 CIBC
14 ITG
K
15:59:48
T
7.40
1.15
200
79 CIBC
14 ITG
K
15:59:41
T
7.40
1.15
300
2 RBC
14 ITG
K
15:59:25
T
7.41
1.16
500
14 ITG
14 ITG
K
15:59:09
T
7.41
1.16
100
14 ITG
14 ITG
K
15:59:02
T
7.40
1.15
500
33 Canaccord
1 Anonymous
K
15:59:02
T
7.40
1.15
100
33 Canaccord
1 Anonymous
K
15:59:01
T
7.40
1.15
400
79 CIBC
1 Anonymous
K
15:59:01
T
7.40
1.15
2,600
33 Canaccord
1 Anonymous
K