What happened at the last minute of trading I am reposting for those who haven't read it
What just happend was something called the market on close. Known as MOC.
At 3:40PM, the TSX release buy and sell orders that will be executed at the close.
Today (because of options expirations), CXR had a HIGH volume of shares for the close.
CXR had over 500,000 to SELL.
What this means is that at 4:00, someone press market SELL 500,000 shares and this is what happens..
We were at around $52.50 when the TSX release that CXR would sell 500K. This brought its price down to $51.80 at 4PM and then WHOOSH to $50.41.
This is only temporary and assuming, market doesn't tank Monday, CXR should start at around $52.50.
Evereyone understand?
Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.cxr/concordia-healthcare-corp-common-shares#RBYSR4hs6L4pOfRp.99