RE:Last 15 Minutes - Block Trade or Tou Buying Shares?
integrity11 wrote: 13.3 million shares traded last 15 minutes. Either Tou buying back shares at reduced price or an investment firm accumulating large volume of shares. Likely a sizeable recovery quickly unless NG continues its downturn for a few days. Normal trades only 2 to 3 million a day so something going on today. Also brought share price down 90 cents in 15 minutes. Could be shorters/hedge funds working together to get out of their short positions while they can.
I'm pretty sure it has to do with being added to the TSX 60 on Monday. I recall hearing they would need to purchase around 11M shares for the index... probably at a pre agreement price metric. This was certainly not an open market purchase/sale