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

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.