Afterhours 750k transaction after 6pm EST
$Skillz(SKLZ.US$ This market maker waited until 2 hours after close to hand deliver 750k shares at the closing price to a single hedge. 5 mil dollar buy with no rush. This is why the closing price is so important to the MM and you see the price being pushed in the last seconds before the bell.
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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Sam2101 : is that a purchase of 750K shares ?
Mike HuntOP Sam2101: I doubt it’s the market maker buying 750k shares from a hedge at closing price but I guess it’s possible. It would require the MM to have that cash. What is more common, is the MM stashing shares during the day to have to sell to institutions at closing prices. And the fact that it’s green or red makes no difference because that transaction is not related to the by or the ask in after hours trading when it happens. So it can be either red or green depending upon where after hours pricing went.
Sam2101 : so weren't really sure what to interpret from this transaction?