Will there be an investigation? Someone got tipped off big time before close.
Half daily volume traded in last 15 minutes. If you own this stock you got hosed! Find out who bought hose 2000 put options today and you will find the leak. It would be so easy for the SEC to do this a caveman could do it.
Heavy put buying began at 3:19pm with one trader buying 576 April 22 contracts at the ask for $.35, or $20,160. Then, a number of contracts in the hundred block size bought the April 21 and 22 puts all the way into the close.
Based on the late afternoon timing of the downward thrust in the common and the fevered buying of puts, the news was likely disseminated by a MarketWired employee after it was channeled to the service by Fortinet.
The question is: Why would a $3 bil company use a second rate newswire service like MarketWired???