Do any economists here know if this is normal activity?

Today's trade

Monday's trade



-- dangermouse (dm@dm.dmph), November 24, 1999

Answers

Block trades are normal for the market. I do not know much about LUV but there are 489,000,000 shares available for trading of which 68%+ are owned by institutional investors.

If the price of oil continues to rise (as it is bound to do) I would say you will see a few more of these trades as institutions will want to limit their exposure in the airline industry as a whole and SouthWest specifically.

-- the Virginian (1@1.com), November 24, 1999.

Block trades are normal for the market. I do not know much about LUV but there are 489,000,000 shares available for trading of which 68%+ are owned by institutional investors.

If the price of oil continues to rise (as it is bound to do) I would say you will see a few more of these trades as institutions will want to limit their exposure in the airline industry as a whole.

-- the Virginian (1@1.com), November 24, 1999.