Someone Just Bought 1,046,068 Xerox Shares for $2.74 Million (XRX at $2.74 ea)
https://tonernews.com/forums/topic/someone-just-bought-1046068-xerox-shares-for-2-74-million-xrx-at-2-74-ea/
4 replies (most recent on top)
It's a short cover. When you sell short, you need to buy back.
Most likely a short position. 18% of shares are sold short currently.
Someone has no clue what they are doing, or they just have so damn much money, they don’t know what to do with it. Betting they are buying the stock to shred for confetti at the new years parade. 🎉🎊🥳
A short closing his position.