it's a smart way of managing risk.
sell off X% of your holdings just before the results. pocket some gains and hedge against the risk of failure. I suspect the holders probably hopes the price would be higher. a lot higher given recent performance. but they're adhering to strict market discipline.
the sellers probably still retain a dialect large parcel - meaning even they won't be "happy" with a duster this week.
so net result? everyone's a little unhappy.
I love the stock market sometimes. it spreads such joy.
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