Their may be some deep pockets accumulation. I think speculation that WAG may announce accelerated dividend may also be part of the recent action. I don't really see that as likely to happen, but the speculation has people chasing stocks and driving up prices a bit.
I do not think they are chasing WAG at all. For whatever reason, WAG was knocked down far more than the market ever went down. VZ went down a total of 7% and WAG dropped a staggering 18%!! In OCT, WAG was as high as $37.45 intraday. No reason why it dropped nearly 20% in a month!!! No reason could justify it...that is why it is climbing back up nicely. With a forward PE of a paltry 9 and a healthy dividend leader with a payout ratio of 39%, it has lots of room to increase dividends for years and years to come. This stock is a MUST buy NOW. Even at $37, its a buy.