Hey guys, I am looking at after hours data for AAPL on nasdaq.com, and this is not the first time I notice something weird: there is a large order (2000-3000 shares) executed at a much higher price than the current bid/ask price. What is this? At first I thought someone forgot to set a limit order Or is it some kind of a glitch? Who would buy 3000 shares of AAPL at $667 if the current bid/ask at that moment was about $663.75? Attaching a screenshot
That trade had a flag of "average price" from Nasdaq. Maybe it's for one of their "benchmark orders" using VWAP etc throughout the day? See this link: http://www.nasdaqtrader.com/Trader.aspx?id=NASDAQBenchmarkOrders_FAQs