Mr Cooper Group Inc (COOP)

[LuckyPanda]

IMO, we might be in a quite period. Merger might have been already filed with the SEC and hence we are in a quite period. Somehow, market makers may have gotten a leak of it and hence the tree shaking with low volume. Its the only explanation for these large 5% moves with trading volume less than 0.5% of float. The question now is how long do typical quite periods last for mergers this size.

I still think we may have an announcement by Friday of total Piers payoff next week...so they will likely announce the merger before then. I think total Piers payoff would tip off the entire market that WMIH merger with escrow assets is imminent. Hence, I believe they will need to announce the merger before Piers payoff this Friday or coming Monday.