An unusually larger dark pool buy order was detected in COPX stock today.
The unusual dark pool activity is clearly a large buy order as evidenced by the volume candle chart below IMO.
China consumes half the world’s copper and the ongoing trade war with the U.S. has weighed on the demand for copper for more than a year. Given its widespread use in industry, construction, transport and power distribution the metal is sensitive to broader economic conditions.
Institutional investors placed dark pool buy trades in cooper for some very wealthy clients today on news of a partial trade deal between the U.S. and China.