Bullboard - Stock Discussion Forum Richards Packaging Income Fund T.RPI.UN

Alternate Symbol(s): RPKIF

Consumer Cyclical Packaging & Containers

Richards Packaging Income Fund (the Fund) is a Canada-based company. The Fund owns Richards Packaging Inc. (Richards Packaging), which serves a range of customer bases throughout North America comprised of approximately 17,000 regional food, beverage, cosmetics, healthcare, and other enterprises. Richards Packaging specializes in the design, manufacture, and distribution of packaging solutions... see more

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Richards Packaging Income Fund > Weird trade on finish 74.90

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Post by bruloil on Dec 30, 2020 12:52am

Weird trade on finish 74.90

Weird trade on finish: 12-29 at 4pm 53 got shares at higher price than ask at 74.90$ for 1,343 shares and they forgot 50/250 shares I was asking 74.44

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Comment by bruloil on Dec 31, 2020 8:19am

Same king of trading happened at close on the 30th Seem like MM are manipulatin stock pricing?? Purpose is it finacing?? It is just weird, is it not?

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Comment by lotus1 on Jan 01, 2021 12:38pm

Hi Bruloil, I noticed these trades too on both days, at close. I think, it has something to do with Market on Close (MOC) Orders. It's not clear very clear to me, how MOC trades work, but following might explain. What Is a Market-on-Close (MOC) Order? A market-on-close (MOC) order is a non-limit market order, which traders execute as near to the closing price as they can ...more

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