I own SandridgeEnergy(SD). Today was a very interesting day if you're a shareholder in this company. After hours trading was even more interesting. SD closed the day at $7.83.<div>
</div><div>During the after hours trading, it immediately drops sub $7.00 down to as low as $6.90. Anyway, my theory was a large institutional investor like a mutual fund portfolio manager sold off a lot of the stock (the 52 week low was $4.55 which wasn't that long ago) for capital gains for its portfolio's shareholders, then another large institutional investor bought a lot more shares, possibly the same fund manager, and pumped the stock back up to $7.29 where it ultimately settled. I guess it could have just been a rich day trader who had a **** ton of shares dumped and pumped.</div><div>
</div><div>If you consider yourself somewhat knowledgeable about what happened to SD today let please share.</div>
</div><div>During the after hours trading, it immediately drops sub $7.00 down to as low as $6.90. Anyway, my theory was a large institutional investor like a mutual fund portfolio manager sold off a lot of the stock (the 52 week low was $4.55 which wasn't that long ago) for capital gains for its portfolio's shareholders, then another large institutional investor bought a lot more shares, possibly the same fund manager, and pumped the stock back up to $7.29 where it ultimately settled. I guess it could have just been a rich day trader who had a **** ton of shares dumped and pumped.</div><div>
</div><div>If you consider yourself somewhat knowledgeable about what happened to SD today let please share.</div>