Provectus Biopharmaceuticals Inc (PVCT)

[AlwaysFriday]

I've been following the trades and I'm seeing a lot of trades with the type of "Burst Basket". Looks like institutional investors are trading $PVCT. I've never seen this before when $PVCT was OTC.


From Investopedia.com --

A burst basket refers to a particular type of stock transaction that involves the sale or purchase of a "basket of stocks". A basket is basically an entire portfolio of stocks (five to 50 stocks) from different sectors that are purchased in the aggregate by an equity specialist.

A basket trade is an order to buy or sell a group of securities simultaneously. Basket trading is essential for institutional investors and investment funds who wish to hold a large number of securities in certain proportions. As cash moves in and out of the fund, large baskets of securities must be bought or sold simultaneously, so that price movements for each security do not alter the portfolio allocation. In order for a trade to be considered a "basket trade," it must typically involve the sale or purchase of 15 or more securities.