https://beststocks.com/mysterious-block-trade-of-dxc-shares-raises-q/
4 replies (most recent on top)
@igp+1oI7Z8er This is misinformation. DXC doesn't announce publicly when they repurchase shares only that they have a program and they are authorized to do so. The goal of a buyback is typically to reduce the total number of shares outstanding so the existing investors own a larger portion of the company. For this reason buyback programs are designed to be done in peice meal rather than all at once so the price of the stock doesn't go up and the company can maximize the value created by the buy back. Of corse you can argue that DXC is trying to manipulate the stock price but they release the average price they repurchase the stock at and it closely matches the daily closing price within that period. This suggests that DXC is spreading out the buy back program.
It may be a huge buy by Atos.
@fve+1oI7Z8er, no it won't be a buyback because a buyback is done publicly with the intention of pushing the share price upwards with a large buy (big buys signal positives in a stock)
No, this is something else.
Alternate trading is used either to enable a large institutional investor to divest stocks (usually to another institutional investor) without it impacting the stock price of what is traded (if you openly tried to dump that share volume you'd push the price down) OR its to do with dicey dark pool trading where its lots of buyers that are fronted by a dark pool trader to make it look like a single transaction.
Its just another shady bit of investment trading - the whole stock market thing is a dirty game with sharks pushing the boundaries at every opportunity.
Stock buyback or what ?