What is going on today to cause a 2.5% drop in the stock price? I don't see any news and volume is normal.
There was a large open interest in the June $25 call which could have accounted for 700,000 shares of volume above $25 today. That's probably the main reason for today's drop.
(Having trouble getting Yahoo to allow me to post this.0
Sentiment: Strong Buy
This was mostly related to options expiration. There was a large open interest in calls with a $25 strike price. Unwinding that today could have contributed 700,000 shares of today's volume above $25.
Don't have any idea....Maybe profit taking.....
Bernanke's ending free money to banks policy