Wish that were true. My guess, however, is that if someone really know something big was on the horizon, they would be buying more than 100 shares of INVB every couple of months.
No, I'm afraid its just someone painting the tape.
Painting the tape is a type of market manipulation whereby market players attempt to influence the price of a security at the expense of investors.
It is illegal activity and prohibited by the SEC because it creates an artificial price.
Manipulators may paint the tape near the market's close in an attempt to boost a stock's price substantially at market close. Closing prices are widely reported in the media and are closely watched by investors. Since most securities are valued on the basis of their closing prices, manipulators use this tactic to achieve a higher market value for their holdings.
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