Republic sold their shares to get action upon acn's sp in the marketplace . Think of it this way ...you have one million shares you bought for 10 cents , you sell 1/2 to a hunter co for 10 cents , this action and the action of the hunter co increases the sp of the target co , after to and fro ing with competitors the sp reaches 40 cents , you sell the other half at 40 cents your average sp is 20 cents and youve doubled your money , your investors are happy , you move on...
ACN Price at posting:
29.0¢ Sentiment: ST Buy Disclosure: Held