We are always looking for the so-called tells in the market. These are when the really smart money tips their hand by buying or selling an abnormally large amount of stock or options ahead of an event.
Such was the case of FedEx on Tuesday, as shares opened higher, traded to $185 per share at its high of the day and then were hit with massive waves of block selling. It took all of 15 minutes to drive shares off their session highs. The stock closed at $181.41, down slightly, and this was absent any news in the company.
jonnajarian Yes 'mysterious'
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