Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Post by mariorizzion Jun 29, 2021 2:01pm
234 Views
Post# 33466908

123,000 share block traded by RBC at 1:31pm today.

123,000 share block traded by RBC at 1:31pm today.It was a massive block trade, categorized as a by-pass trade. 

This was conducted on the NEO exchange. 

My understanding is that this was a large block being distributed by one entity to its clients. The price was $130. In order to sell the shares to its clients at this price, the seller legally would have had to knock down all the orders to this price. This is what they did, certainly today, as they sunk the stock by over $8. 

Basically, this was all manipulation so that this institution could transfer the funds to their clients at $130 per share, rather than at a higher price. They slowly bled the stock down to $130, then executed the trade, and now it all floats back up.

It should be illegal, and it mostly is. It is hard to see if these guys did it legally or not. Certainly anybody who sold at a low price should be upset.
<< Previous
Bullboard Posts
Next >>