My guess is trying to shake out weak holders. If you're a major...

My guess is trying to shake out weak holders. If you're a major institution trying to accumulate a large %, then selling a few back into the market after a big run is a good idea to shake out some weak holders. Those that want to try and protect the large recent gains may panic and exit their holding at a decent profit rather than risk further weakness.

I'm actually surprised we didn't see this continue a bit today before the likes of Global X start to accumulate again (assuming they're after more stock) but manage a lower VWAP than they may have otherwise if this weakness didn't occur.

Anyway, investors won't mind the pull-back if focussed on the mid to longer term value here. That includes me