How can a single trade of 100 shares drop the price by 2-4 cents.I know it's been happening for a long time, but it shouldn't and you can't do it on most stocks. Very frustrating.
It's easy to figure out. If on a given day the highest bid is 2 cents lower than the last trade the day before if a shareholder tells his broker to sell "at the market", then the result is a drop of 2 cent on low volume. Got it?
Not from what I see. It happens throughout the day, with the larger blocks paying more than the 100-300 share buys. It just appears to be price manipulation.
I keep asking this question and I have yet to see an answer.