Yeah well they probably got a friendly fund to sell them the shares at a cheap price. The brokers and funds all work together to help each other out of a hole. They do this all the time. I remember years ago with a company called Galaxy Resources how Blackrock did an off-market trade that allowed their "friends" to cover a massive short position (which would otherwise never have been covered without a massive uptick in the price of the shares).
It's strange though that this large X-trade hasn't shown up in the days overall volume
Yeah well they probably got a friendly fund to sell them the...
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Last
$1.33 |
Change
0.045(3.50%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.33 | $1.27 | $644.4K | 495.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13026 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 2996 | 1 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |