Can someone explain ICLR afterhours Volume?

Discussion in 'Options' started by JavaBen, Jun 1, 2007.

  1. JavaBen


    Average volume for ICLR runs around 110K per day. Through the normal market hours, it ran -7% below average volume, and dropped $-1.39, closing at $46.39.

    At around 16:29, there was a trade of 170K shares, which pushed the stock up to $47.36, or about $0.97 up. :0

    This was a huge volume spike on after hours market.

    I can't find any news that might have caused the spike, so I'm guessing some fund liked the price?

    Or what - maybe just end-of-month trades for the big boys? Sell little bit by little bit all day to push the price down to buy in bulk in afterhours?

    I saw several stocks with huge after hours spikes today similar to this one.....

    JavaBen:eek: :eek:
  2. Sounds like a delayed print. Probably some idiot on the desk forgot to print the trade at the time of execution. Happens all the time. Check the tape to see.