News Focus
News Focus
icon url

Nebuchadnezzar

06/20/21 12:23 PM

#53297 RE: lumpina #53295

I been trying to find the exact answer/ definition of those trades but it happens every day with every big board stock with lots of volume.

i cant find the post but i couple years ago two posters on some other board were arguing over your exact question.

if the 9M trade went through at any time during 9:30am and 4:00pm it would likely have been a major institutional buy or someone taking a major stake, but because the trade likely printed immediately after close of regular trading hours, 99% of the time, it would fall into the other category in which the aforementioned argument i mentioned was about.

if you want a true answer, call your broker. They can probably give you the exact answer.

more often then not, a trade of 9M if in one true block, would likely be found/coincide with an updated SEC form 13F

9,000,000 x $59.00 is is $531,000,000

if that were a buy to force AMC above $60, why not place the order for $60.10? it would have easily taken out all sell orders
icon url

Nebuchadnezzar

06/20/21 12:27 PM

#53298 RE: lumpina #53295

this might help

https://www.quora.com/In-the-stock-market-why-are-large-block-stock-orders-often-placed-at-4-00PM

"It has to do with reporting the transaction.

Block trades are firm to firm, so it trades off the tape and at a different price.

This is why you’ll see them reported after the cash close."