I was watching MTCH into the close today, which would normally be uneventful. As the bell rang, I saw a massive spike in purchase volume:
https://i.imgur.com/sPlQZ9P.jpg
Which struck me as odd given the usual daily volume for the stock:
https://i.imgur.com/ZOdCqgX.jpg
“Ok”, I’m thinking…”did somone just buy 1.8M shares of this stock?!?”
So I check time and sales and my confusion deepens:
https://i.imgur.com/S1QoIFD.jpg
Ok, why are there two 1.8M share transactions listed? Is this really a sell/buy between two parties on the open exchange?
I would expect something this large to go through a block trade, but with quad witching today, I’m not sure if this is some rebalancing action.
Anyone have any insights on what exactly this is?
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