[quote=CONCHO]That is a huge move in a single quarter – 5M shares sold in only 60 days of trading. Of course they’re not going to dump it all in a single day, there wouldn’t be enough buyers. No other major holder has anything similar. Also check out XOM for the same period, there are no big moves out of the stock.
It is just a coincidence, but an interesting one. No need to look further, it will never be investigated.[/quote]
Average daily trading volume for BP prior to the spill was over 5 million shares (now it’s over 20 million per day). And that’s not double-counted volume (as with the Nasdaq). Getting out of a 5 million share position could be done without materially impacting the share price over a couple of weeks rather easily.
