Huge volume without big price move

summerbug

if a stock print a chart like HRP did on 3/19, what does it mean?

if big guys are selling, there is almost no way retail traders can take so many shares in one day without price collapsing.

lwjnbtx

Press Release Source: HRPT Properties Trust On Thursday March 18, 2010, 5:44 pm EDT

NEWTON, Mass.--(BUSINESS WIRE)--HRPT Properties Trust (NYSE: HRP - News) today announced it has priced a public offering of 30,000,000 common shares of beneficial interest at a public offering price of $7.25 per share. The settlement of this offering is expected to occur on Wednesday, March 24, 2010. HRP expects to use the net proceeds from this offering to repay amounts outstanding under its $750 million revolving credit facility and fund general business activities, including possible future acquisitions. The underwriters have been granted a 30-day option to purchase up to an additional 4,500,000 shares to cover over allotments, if any. The offering size has been increased from the previously proposed 20,000,000 share offering.

rightonmoney

it means market does not want to go down in a short term.

ranchgirl

HRP [7.33 -0.17 -2.27% 7.23-7.37 2.91-8.13] HRPT Properties Trust