I'm fairly new in stocks, and have a small question.
Why would a penny stock be traded almost solely internally within banks?
I was watching a stock being traded back and forth and saw pic related. In total, 92% of all trades during the day were trades from bank(A), to bank(A).
Two banks even had NO net sales, and one of them had internal sales 3x the ammount of total "real" sales.
I tried looking around on the internet for answers, but i can't seem to find anything on it. I get that robot sales are a thing. I just dont understand the reason for this kind of robot sales.
Sorry for bad english and sorry for probably not using the correct terms.
Because in most cases, when you buy a share, your brokerage is selling it to you. And vice versa.
Here is a graph of the value of the stock during the past month. Dont know if you need it to make sense of the situation, but thought i would add it.
The currency is NOK, which have a value of around 1/10 cents
>>1815281
Ok this kinda makes a lot of sense, but why would almost every other stock have trade lists that look like this
>>1815293
Market Makers
Welcome to the smoke and mirrors game.
>>1815297
Thanks for your help!
I kinda still don't completely understand though.
Does this mean that the brokerage firms buy the stock for slightly less than 0.13 nok, and sell for slightly more?
I Read about it a little bit, and it seemed to me that this was a different way for the brokerage firms to make money other than the brokerage?