good day.....two blocks ..one of 50,000 and another of 25,000 both went for over $3. This would be new money from large investors trying to establish and/or augment their position. Seems to be lots os small sellers at these prices (2.70-2.9) but not any big sellers.
Only reason any one would buy buy in large blocks at $3 is because they believe Syncora is worth a min of $4.50 to $6.00 no point taking the risk if they dont expect a 50% to 100% payout
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.