yesterday and today have seen cross trades account for nearly half the number of trades and volume.
Without knowing the broker(s) its hard to say anything for certain but one could speculate that such activity is attributable to trade churning/ portfolio rebalancing.
If these events are happening then any selling pressure is therefore artificial ofr whatever motive.
I guess we will soon see if 'tax selling' is in fact happening or if churning to accumulate lower priced stock is the main reason for htese cross trades.
One thing is for sure, volume is quite low suggesting investor patience/ stability.
GC
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