Since early 2023 there has been a steady increase in the number of big block trades at the close in the 9 million share range for stocks such as NVDA and INTC. Recently, they are using two large trades at the close that appear to keep a single trade from going over 10 million shares. This could revolve around any number of reasons, but it comes at a time when a pullback in the market is expected. Will continue to monitor this.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
