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MarthaStokesCMT-TechniTrader
Feb 14, 2019 5:44 PM

KO Earnings: Dark Pool Rotation vs. Buybacks Education

Coca-Cola Company (The)NYSE

Description

Coca Cola has been in a major buyback mode for its stock in an attempt to move the price up. The buybacks have faced heavier than normal Dark Pool rotation (large lot selling) against the automated buyback orders. Recently the buybacks have increased, creating some interesting anomalies in the large lot indicators as well as in price patterns. Retail traders, who trade this stock heavily, are often fooled by buyback candlestick patterns. Institutional holdings has declined, which is unusual during a buyback mode.



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