RE:Looks likeBlackwolf, won't the return of capital not affect capital gains? I'm not really well informed on this aspect (since I don't plan to sell before the RoC), but say for instance as a simple example someone has 1000 HWO shares with a cost basis of $1.30.
Scenario A: Investor sells at $1.40 before the RoC, so a capital gain of $100 that is taxable.
Scenario B: Investor receives RoC and then sells. In B, wouldn't the cost basis also be reduced by the RoC, so the capital gain is the same? So after the RoC, their cost basis would be $1.30 - $0.76 = $0.54. Assuming the $1.40 price is also reduced exactly by RoC, they sell at $1.40 - $0.76 = $0.64, so having the same $100 taxable capital gain.
Seems like someone decided to dump their >100k share holdings this week.