Yes it is very important not only for institutions but all investors. Why have institutions taken the last 21 days to divest over 20 % of their holdings? Just as important maybe more so why have insiders divested nearly 66% of their holdings?
Do not forget many after market trades are balancing trades. As an example, I am not saying this is what happened, just that this is verry common.
Say Mellon in US has a surplus or need more shares to meet its covering requirement. They contact one or two of their favorite Market Makers in AU and ask for offers. They select one that says the price will be based on the first trade after a specific time plus a fee. And will be registered at 4:30 Pm. This is how very large trades are usually done. The other is using a dark pool but again all trades have to to be registered. These types of trades are why you always see a bump in volume for all stock at close or right after. https://en.wikipedia.org/wiki/Dark_pool
LYC Price at posting:
$9.24 Sentiment: Sell Disclosure: Not Held
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