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....
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