Sun, Sep 21, 2014, 8:44 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Commerce Bancshares, Inc. Message Board

  • tradelittle tradelittle Oct 31, 2000 4:48 PM Flag

    Volumn!!!

    It would seem that today's action -- over a
    million shares --500 K picked up in large blocks-- is
    interesting to say the least!

    Could this be a large
    investor, wanting to pick up the 5% stock div. who was
    willing to spend 18 Million for a return of 900,000 in 60
    days plus another 75,000 in cash, equating to about a
    30% yearly return? Or, a possible suitor working up
    their base position?

    Obviously, it could be
    neither, a marketmaker scaring up shares to cover future
    shorts!

    Any thoughts from the crowd?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Since the price spiked down rather than up on the
      first block, I'd assume it was a motivated seller
      rather than a motivated buyer -- probably an institution
      looking for a tax loss?

      Not many institutions
      owned that large a block of shares, so there is only a
      small circle of suspects...

      JMHO

      • 1 Reply to jcorb2d
      • JCORB,

        After seeing the 10Q that was
        posted today, it would seem that the large block-- which
        appeared to be an "away from the market" trade, may have
        been the bank itself repurchasing for the stock
        div/distribution.

        At any rate, the current "steady price" doesn't
        bother me a bit, all things considered.

        I've only
        been in this stock for a few months, can any old
        timers tell me if the price tanks post
        dividend?

        Thanks in advance.

 
CBSH
46.47-0.39(-0.83%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.