Q: Any reason why BIP.UN's unit price today took such a big dip?
I noticed three fairly large trades, two today (311.4K at 9:30am and 133.6K at 3:30pm) and also one yesterday before closing (84.5k at 3:30pm). Some major holder(s) decided to exit, or what's the story? Today's total volume at 1.25million shares is also well over the daily average of 250K.
Know anything that happened? Thanks.
I noticed three fairly large trades, two today (311.4K at 9:30am and 133.6K at 3:30pm) and also one yesterday before closing (84.5k at 3:30pm). Some major holder(s) decided to exit, or what's the story? Today's total volume at 1.25million shares is also well over the daily average of 250K.
Know anything that happened? Thanks.
5i Research Answer:
BIP on June 15 announced the sale of 12.5% of a pipeline asset, but this should not have increased trading activity. In terms of trading, there was no other news and the amounts traded are not big enough to need any disclosure by buyers/sellers. Thus, we just don't know here.