Please View Image Below!!!! you asked a question about why "the drop though"(Evio's stock price dopped). The reason behind this is because there was 6 Market maker companies who came into the board and submitted there bids at a low price. Because there was barley any activity for this stock. Hence, The main reason why the "Market Makers" are in this (stock/all stocks) is to create traffic/liquidity. With these "Market makers" in this stock and no one else selling, so the "Market makers" took control of the board that day and not us. If we actually had some ourselves in there and raised the bid sells at a higher price such as $6 we could've made the "Market makers" change there price to higher bids(if there was enough of us to be there). Also means they have to buy and sell each day no matter what. So the reason why Evio stocks dropped was because that is the reason why the stock dropped significantly
Market Makers: big companies who have large amount of buying power and also large loads of stocks who come into a stock to create Traffic/Liquidity. Either way these companies/persons have to buy and sell no matter what each day.
Market Makers from the screenshot: ETRF= with 1.00k shares bid at 0.92 which is 26 cents below price $1.18 CDEL= with 4.00k shares bid at 0.90 which is 28 cents below price $1.18 CANT= with 1.00k shares bid at 0.76 which is 42 cents below price $1.18 CSTI= with 1.00k shares bid at 0.76 which is 42 cents below price $1.18 GLED= with 2.50k shares bid at 0.25 which is 96 cents below price $1.18 NITE= with 475 shares bid at 1.00 which is 18 cents below price $1.18
Screenshot of Sept. 8 Friday Evios stock activity which included all day
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