Replies to post #425716 on Anavex Life Sciences Corp (AVXL)

[Investor2014]

Likely MMs crossing trades off market during the day and reporting them after to the exchange that show up at close.

Too much inventory at present given lower volume market interest.

[tschussmann1]

I had noticed this pattern a few months ago. It was and still is "large" in percentage terms compared to other stocks I looked at for this feature. I had suspected it might be "stealth accumulation", but if so might have expected a decrease in short shares outstanding. Anyway, if there is no advantage to this practice it would not be occurring. The question then becomes: what is this advantage?

[Steady_T]

Not sure I agree with your analysis.

The vol today was 666,209 including that MOC trade at 16:00 of 72,858 shares.

So the bulk of the vol was not on the MOC trade at the close. 11%.

The price is not guaranteed when you place a MOC order. The execution price is whatever the closing price is and that can't be known till the close.