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I noticed a 500,095 share transaction at 3:59 for 17.03. This is approximately worth 8.5 million dollars. There was also a 100,000 share transaction at 2:35 and a 113,000 share transaction at 2:34. Would these possibly represent institutional transactions or are those type of transactions kept private? I have also noticed that it is very common that large blocks of shares are often commonly traded at 3:59. Is there some sort of advantage for trading at the last minute? Thanks for any possible explanations.
Probably someone in Idaho doing some high frequency trading to make a few bucks late in the day.
Could be speculators / traders, noting the trading patterns of the past few days, that shows money can be made from the low of the prior day to the high of the next day - not always true for all stocks but easily spotted with an algorithm.
Its important to remember that today, 9.20.19 represents the quarterly "Triple Witching" and "Options Expiration" events. AKA Freaky Friday. This includes Stock market index futures, stock market index options, and regular stock options. Additional volatility is not uncommon.