Sezzle Authorizes New $15 Million Stock Repurchase Program, page-6

  1. 3,901 Posts.
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    I dont quite know how it works, others on hotcopper surely do, but Sezzle enters the Russell 3000 Index starting on Monday, and so institutional investors/funds who track that index have had to acquire a certain amount of shares in the company. The large volume on Friday reflects that "rebalancing" event. I imagine getting the right number of shares is difficult in a thinly traded tightly held stock.

    Anyway now it looks like usd$88 is a new base for the share price, ahead of results etc. Im pretty plrased with that tbh.

    just a few examples of large trades below at 4pm on friday....

    https://hotcopper.com.au/data/attachments/6277/6277783-8b754d022e16d854b0e47f7f665af803.jpghttps://hotcopper.com.au/data/attachments/6277/6277782-b84f4903fceec32ab8f263cb5cdee9ba.jpg



 
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