The Market Makers ran the price down early; shook all the loose nuts off the MNRK tree and wiped out all the stop losses early in the day to fulfill the heavy buying demand........THIS stock is not illiquid!
Institutions have to piecemeal their buys to reach their desired goal of 200K shares, for example....3K here, 4K there.....Keeping it low profile......waiting for the stock to dip before buying another chunk........