Non-market cross todayAt first glance it looks like a healthy trading day for NPK today at 245,000 shares changing hands. However, dig a little deeper into the numbers and you will see a block of 200,000 shares (over 80% of today's activity, was exchanged between two related accounts at TD securities as an intentional cross and not as an open market trade.
Looks like someone ttidying up their accounts ahead of the rapidly approaching year end.
In any event, there were trades today between unrelated parties between $0.79 and $0.81, so the share price continues to hold up and those seeking a bargain at prices below $0.70 are likely going to go empty handed from this point forward.
Any bets on when we first see 90 cents again?
Merry Christmas to all.