NCC - institutional selling

Discussion in 'Stocks' started by Kris, Dec 17, 2008.

  1. Kris


    I was watching NCC this afternoon and around 2:15pm EST someone came in and dumped over 2 million shares, and followed that up with a few more million.

    I could be wrong but I thought NCC was being taken over? I'm curious why an institution would be dumping so many shares at such a low price...
  2. You don't watch that much news do you? Remember couple of months back PNC used the trap to buy a troubled bank and everybody praised how well the trap was working. Well PNC is close to closing the deal but they are experiencing some challenges from various entities but it looks like a done deal.