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HMPR 5|19|15
3,724,000 Shares
Time Saved = 931 Days*
DHX 3|3|16
4,157,600 Shares
Time Saved = 411 Days*
CWAY 3|15|18
254,300 Shares
Time Saved = 361 Days*
EBRPY 6|21|18
250,400 Shares
Time Saved = 334 Days*
TGONF 8|31|20
1,000,000 Shares
Time Saved = 323 Days*
EPAX 2|24|15
569,400 Shares
Time Saved = 298 Days*
SCAC 11|2|18
2,786,500 Shares
Time Saved = 292 Days*
HBCP 10|5|15
582,100 Shares
Time Saved = 291 Days*
LZAGY 7|17|17
720,000 Shares
Time Saved = 290 Days*
FWP 5|2|18
4,214,400 Shares
Time Saved = 270 Days*
block/(ADV x .20)=time/days saved
*Days Saved: The number of trading days it would have taken an investor to trade the amount of volume transacted in a given block since according to the Tabb Group’s report Truing the Block, “… large investors believe that 20% of the ADV is a reasonable amount of volume that can be safely and effectively bought without incurring negative market impact on price.”
block\bläk\n 1: According to JonesTrading, any trade that is 20% or more of the average daily volume (“ADV”) for the security during the previous 90 trading days. 2: See NYSE Rule 72.