Could it also just be a computer glitch like a couple months back when it was showing huge trades and a huge daily share count traded, and it ended up being false? It was like they accidently added a zero to the final number then corrected and it was back to normal.
Finish up with a meeting and come back and a million+ more shares traded. Holy friggin cow, or pig in this case. Very interesting. As always, for every share sold there is a share bought, and vice-a-versa. So really have no idea as to who has "good" information right now.
Could these be "naked" short selling of shares? Such high share count being traded, when there's been no indication of this much interest in the company. Could it be a company who has interest in possibly making a bid for the company, this way getting a bunch of the shares in advance at pennies on the dollar?
But who has this many shares to trade? I'd be very surprised if any one entity or person had a million shares of this. That is why it makes me wonder on the "naked" short selling option.
Or maybe it's the MM throwing out a huge test to see if the system could handle a large volume in this stock? Similar to early last year when they ran the price for a few minutes up to the high 4's just to see if the system could handle it.