I believe this is a planned thing. Somebody was buying after hours 20-30K of shares and inflated price- with some minimal losses.
Next morning they sold 200-300K on inflated price and got nice "dividend'.
A lot of speculations around, I believe. They are PROFESSIONALS in the worst meaning of this word
Just a guess, but it seems there was some buying ahead of the dividend "ex-date". Love how the market makers in the stock are happy to help by lifting the stock price swiftly.
Just the humble thoughts of a former broker
Privador....I agree with you and check out the high volume, why would anybody pay up to 10% over the days closing price to get a dividend of about 2.5% payable in January...??? This don't look like dividend buying...!
I happened to buy smal amount of this stock at $12 for IRA and then going up and now traded 16 after hour. I am suspicious as well. Somebody buy big since I bought.
Anybody has rumours ?