Someone grabbed 10.8 mil this morning, then 7 mil lands on the sell side a few hours later.
It can be a win-win for them. Scare off buyers and accumulate more at 7, or, if 8 gets hit that's a quick 14%.
I highly doubt it's a genuine seller, as it makes far more sense to drip feed the market than dumping 7 mil there in the one hit.
Watch for accumulation over coming weeks, maybe months at 7. Or, I'm not sure if anyone would have a motive to keep this down pre-raise. Would love to see someone wipe it.
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Mkt cap ! $2.415M | |||
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