block tradesanyone else notice there have been considerably more block trades of 50K-100K+ shares changing hands lately? looking at the tape today and there are far more than usual. there was a trade for 150K shares today at 3:21:59PM. I think this bodes well for us long holders as the downtrend seems to have finally reversed.
near term catalyst will be the Q4 / FYE earnings which are absolutely critical here. WELL is exiting 2021 a *very* different company than it was in 2020. I think audited financials will be key for institutional investors who were on the sidelines during the flurry of acquisitions the company made. roll-ups are still tainted a bit from stories like Valeant, etc. TDOC and AMWL both have earnings in February and I also think this could affect WELL to a degree. I am hoping earnings of those companies gives the sector a much needed boost.
re: earnings - I also think that management is not stupid and the pre-release and management's guidance was likely cautious. there is no way they would do that if the results were not going to be met. I personally think they'll be met and exceeded. I am looking forward to the release in March and especially the conference call which should provide some more guidance on 2022's initiatives.
GLTA