Jul. 14 at 12:13 AM
$SKHYV Double Whammy. Take a wild guess how much the underwriters made off this deal?
"Some estimates suggest the payout could be on the higher end of
$130–
$147 million."
Run the price up as high as possible to create as much of a payout as possible then short the stock back down. Notice the volume on Day 1.
106 Million shares and the price never moved from open to close. Obviously made no sense.