I'd never come across a closing imbalance before, I didn't even know volume hit up around 2.8 million....last I checked it was something like 690K, which I noted was a bit above average but not a lot.
"As each trading day draws to a close, order imbalances can arise as investors race to lock in shares near the closing price. This can especially come into play if the stock price is seen at a discount on that particular trading day".
I've heard of MOC orders, short for Market on Close. Honestly I don't know where this 1.75 million fits in? Was it sellers or buyers?
Given Vuzix's incredibly weak cash position as evidenced by their last quarterly filing showing just $10 million (close to that) remaining as of March 31st....if there is going to be manipulation pushing the PPS around I expect it to be to the upside.
Perhaps this 1.75 million has something to do with Vuzix still being on the SHO list for delivery failures?