73000 shares average daily turnover is NOT a liquid stock. Get one institutional shareholder wanting to rotate out of BKL and they could easily have 30, 40 or 50 days worth of that turnover (would only be about 3mln shares). If they have orders in to sell 25% or 30% of turnover (usual type of trade) then it generates the momentum. Other insto's will be watching to see when that fades and then there will (usually) be a rush to enter at the sold down price.
BKL Price at posting:
$91.01 Sentiment: Buy Disclosure: Held
