What does selling 226,100 shares of a stock do to the price?

The best of the Internet. Dedicated to the most funny, interesting, and cool stuff on the Internet today.
User avatar
funnyinterestingcool

Founder
Posts: 310
Joined: Tue Jul 09, 2019 11:54 pm
Contact:

What does selling 226,100 shares of a stock do to the price?

Post by funnyinterestingcool » Wed Sep 29, 2021 6:57 pm

On 9/29/21, someone sold 226,000 shares of CEI stock @ $3.66 a share with 104M shares outstanding and a 335.51M market cap.

The sale dropped the stock to $3.20 for a total instant loss of $0.46!


This triggered an exchange-hault on the stock to Downside Up.


Post Reply