Going down 5.53% is one thing if the volume is lower than or about normal. Going down this much on 10X's average daily volume, 122,086 shares, really makes me wonder what's going on.
Have there been any meetings between OZRK management and analysts lately?
I do not think that downgrade a few days ago has anything to do with the drop. All that downgrade told me was that the analyst did not expect the share price appreciation to be whatever set percentage his firm uses to grade stocks. For ML, I know their buy rating means an appreciation of 15% or greater than the price at the time of the report. This one? No idea--also no idea if it was for the intermediate or long term.
Changing the subject: I owe you the lobster recipe, Huskies. It's in my car. I couldn't type it in earlier because I left home with my notebook but without the power cord.
Good to see you had a safe trip from wherever you went.
I figured that when you hadn't posted for a while, you left without that confounded power cord!
Bad day for OZRK. Haven't noticed any bad news, so I take the drop as part of the processes of the market. In light of recent shennanigans by management in other companies, when a stock price drops on big volume, I'm always hopeful that management is honest and uses accounting practices that won't get them in the SEC's doghouse, and us investors in the poorhouse.