well ONE potential reason can be that someone has allready purchased a whole of shares but are wanting a certain price for them, so it might hire some one like virtu financial or credit suisse to provide them with an appropriate algo, to achieve that goal. They may also give them a certain number of shares/money for trading purposes to work the algo.
check out this link;
https://www.credit-suisse.com/au/en/investment-banking-apac/apac-markets/equities/algorithmic-trading-aes.html
also check the broker data i have provided today along with the notes.
NOTE: this is only a single example, there are obviously more
well ONE potential reason can be that someone has allready...
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Last
$1.24 |
Change
-0.020(1.59%) |
Mkt cap ! $1.392B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.28 | $1.21 | $9.007M | 7.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 395766 | 9 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.24 |
Change
-0.020 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.28 | $1.21 | 1609549 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| ZIP (ASX) Chart |