Algorithm trading by Instinet - see photoThis whole debacle was starting by algorithm trading company Instinet which sold over $950,000 worth of shares in the open market, equivalent of 209700 shares. See the photo below. This algorithm trading triggered stop losses and panic among the shareholders. TD was a close second, selling over 823,000 worth of shares equivalent of 153,321 shares. These two companies are solely to blame. Instinet is used by hedge fund managers and portfolio managers to hire their tracks.
Kudos to RBC and CIBC for buying. This is an anomality.
SEE PHOTO BELOW
https://imgur.com/a/f1H9kLf