There were two net trades hitting the tape; one during market hours as a price “avg.” at close to 800K shares and the other a t-trade for 120K shares. Neither was open market. The trade price printed was independent of the bid/ask at the time of the print since they were the offsetting legs for a bunch of transactions earlier in the day when the bid/ask was higher.
Someone is selling from a block position and is willing to pay the block fee to do so.
That selling accounted for over 85% of the open market transactions today.
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