IDL 0.00% $1.27 industrea limited

Special crossing is when a trade can be done outside market...

  1. 76 Posts.
    Special crossing is when a trade can be done outside market hours and at any price. The rules state the value of the trade has to be over $1million and that it either has to be one buyer buying off multiple parties, or one seller selling to multiple buyers. It was done at a discount as last close was 156 yet this trade was done this morning at 142.

    Having a bit more of a think about it, it might actually be a good thing. There are only a couple of holders who have that much stock. I am guessing the Huddy's may have sold some of their stake via a broker to a range of institutions. Hopefully that brings some quality new insto's on the books and gets rid of some of the perceived overhang of the Huddy's holding.
 
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