Today's trades do look promising for TXN to have a higher price floor. The share price rise also occurred independently of SEA's share price. Maybe some Talon value is emerging, or just sluggish alignment of TXN and SEA share prices.
Note that most TXN share trades Tuesday seemed to be bot trading (odd and small number of shares traded, most of them around the same amounts). But also notice that few trades were cross-trades, whereas before the announced acquisition, cross-trades were common (I assume mostly RBS clients). The fewer cross-trades today suggests that clients outside RBS might now be investing in TXN.
Would be interesting to know the bot strategy -- Averaging up? Swapping TXN and SEA shares?
TXN Price at posting:
39.5¢ Sentiment: None Disclosure: Held
