I’m currently following a stock, and the ticker is not important here. I’m seeing something that I’ve seen time and time again that’s been happening with this one quite frequently recently.
Important note: this is a low market cap stock.
There’s been a sell order for 20,000 shares that keeps following the price. As the stocks price goes down, the order is removed and replaced lower. When the price starts to near the sell order, it is removed and replaced at a slightly higher price.
My theory here is that someone in particular is trying to keep the price down (?). But I don’t entirely understand why. If you have any thoughts or an answer for this please comment below.
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