Xponential Inc (fka XPOI)

[mrpanick]

Some explanations are:

1. Sellers who bought at much higer prices
If someone has say 800 shares that they got at $5 a few years ago they will dumnp the shares to get the tax loss even though they might only get $80 in proceeds for them which wouldn't otherwise be enought to justify the price.

2. Market makers marking prices up or down
Market makers who pay low per share based commission will move the stock around on low volume in an effort to create interest (i.e. day traders chasing large % gains if they are dumb enough not to notice low volume). Some folks will look at the last price rather than the bid / ask spread in determining what is a failr price to pay.

3. Large Holders moving price for window dressing
A large holder might want to markup the price at the end of a quarter so that their holdings or gains looks better for their investors.

4. Market Makers trying to Fight Competition
They don't like you trying to buy on the bid so they hit your 5,000 share bid for a few hundred shares in an effort to annoy you. It's also easier to trade through a 4,500 share bid which won't appear since it's less than the minimum 5,000 share bis size to appear.

5. Evening Out position
Someone got a partial fill due to one of the above and wants to even out their position.