Can Someone Explain The HUGE Volume Spike In Accenture An Hour Before It Hit $.01?

Yesterday, the world marveled at Accenture (ACN) as a $0.01 bid went in for the NYSE-listed stock during the market madness.

Well we went to the charts. Check out this near-30 million volume spike that left the stock unfazed a full HOUR before the infamous $0.01 bid. What’s up with that?

ACN May6th TOS

Photo: thinkorswim

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