I know this guy who used to work at a brokerage firm. He Used to buy blocks of stock for all his customers. He would typically buy the same size lot for each customer. Many times it was a specific dollar amount that equated to an odd lot block of stocks, someone could be doing the same in this case. I think it is easier to buy one large block and then just split it in your back office but… what do I know
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.