Low Volume today. No stock buyback being done today. Probably going to stay near $20 with options expiration today. Had hoped to see new 52 week high above the $20.32. Will have to wait until just before earnings.
Closed at $20.02 on this Options Friday. Volume was low. Why are they waiting to buy back more shares? Should be buying the share now at these prices. Should increase before earnings with a new year high sometime next week. Good earnings call should take the price over $21 after earnings Conf. Call.
MM really screwed the longs-especially with the 20 strike calls-by not buying back a ton of shares these past few weaks. No reason not to with all their cash and stated plans but MM does not care about shareholders.