Capstone Green Energy Corp (fka CGRNQ)

[Wild-bill]

Notice at close today CPST had a single institutional trade of 99K+ shrs

These "closing blocks" are very common and I've not yet tried to correlate them with follow-on behavior.

{ So that could be a sign your hedges are looking to cover some here...we'll know on Monday whether we can move up and make the 1.36 the support }

99K is relatively small though, in relation what we would look for as some real pressure. I think that's around some kind of "average" size, although I've not run any stats on it.

Here's this month's stuff, which I don't normally tabulate like this.

 ----- Open ------  ----- Close ------ 
 type   size Price  type    size price 
 SELL  36372 $1.50  SELL  230976 $1.51 
 SELL  22029 $1.51  SELL   63019 $1.51 
 SELL  24989 $1.51  BUY   109260 $1.52 
 BUY   41803 $1.50  SELL   80021 $1.52 
 SELL  25157 $1.52  SELL  124141 $1.49 
 SELL  42757 $1.50  BUY    44451 $1.50 
 SELL 107123 $1.47  SELL   99843 $1.42 
 SELL  82300 $1.41  SELL  101476 $1.41 
 SELL  22336 $1.44  SELL   47030 $1.41 
 UNKN  19550 $1.42  BUY    24919 $1.41 
 SELL  62600 $1.40  BUY    62501 $1.38 
 SELL  42098 $1.38  BUY   111962 $1.30 
 SELL 146305 $1.29  BUY    99184 $1.36

I was looking at volume on today's up move and decided it's not too shabby - 10-day average is ~2.956MM through Thursday and we got ~2.27MM Friday on this rebound. Not big enough to say "off to the races" but not small enough to say "no strength in the move" either. 'Course Friday's behavior is often odd anyway.

As to being hedgers or institutional activities, I don't know. I've read that day traders, and others, use "at the close" order types for buys and sells. I've read that the high normal volatility and volume in the last two minutes is a common effect of these orders, which start getting executed in the last minute or two IIRC. I'm suspecting that these closing blocks are usually somehow related to these activities. E.g. I suspect a market-maker or the exchange absorbs these orders and then does some kind of "bookkeeping" or transfer related to them. Don't know and likely never will, but that's my suspicion.

Bill