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18 million shares traded on the open at $29, and since then 23 million shares have traded between $28.80 and $31.60. Safe to say there's a healthy bid at $29.
by totalZero 9y ago
18 million shares traded on the open at $29, and since then 23 million shares have traded between $28.80 and $31.60. Safe to say there's a healthy bid at $29.
- stanfordkid 9y agoRight. But who were the buyers? Would the same buyers have bought 10 million shares at $29? Or was it thousands of smaller sized investors paying a premium? You need whales to keep the market stable and I don't think the whales would have bought at $29 ... look at the volume over time post IPO, not just day of. The big investors who came in cheap will buy back shares if the price dips... right now they are profiting off the pop.