More PLAN share trading factsAs a numbers/data guy I enjoy looking at the massive amounts of trading data available that allows individual investors to better understand trends in the stocks they own or are investigating. Here are some interesting facts for the trading in PLAN shares recently.
PLAN initiated its NCIB program in June 2024 and by the end of September 2024 had purchased and subsequently cancelled 2,050,000 shares. During the same period a total of 12,135,387 PLAN shares were trade on all markets, so about 17% of trading volume was under the buy back program. All 2,050,000 shares were purchased through a single broker - Independent Trading Group (ITG). ITG's trading in activity in PLAN shares during this time (June 20 - September 30 2024) was limited to the 2,050,000 shares purchased - ITG handled no sales for clients.
Prior to June 20 2024, ITG had been very active in PLAN share trading, but only on the buy side for its clients. Between January 1 2022 and June 20 2024 it had purchased a total of 9,575,002 shares and sold just 20,477 shares. Assuming the ITG clients still held these shares (and not transfered them in kind to another broker) they would be approaching a 10% ownership position in the Company - I wonder who the shareholder(s) might be.