> Elon just sold $16B worth of stock and the price barely budged.
I could be wrong, but my understanding that such huge trades are not put on the market the normal way, but run through big investment banks that are able to use different techniques to avoid harming the stock price. For example, they can exchange the shares with hedge funds, ETFs/mutual funds, pension funds, and they can do the trades in batches over several days.
Elon's sale arguably brought down the price of Tesla considerably. He pretty much announced the sale at the peak - it's down almost 40% from that - when the s&p isn't even down 20%.
But, anyway, a wealth manager investing billions would do the same thing in reverse to buy.
And, still, it would drive up the price unless done over a long period of time - and since timing is important - this isn't really an option.
I could be wrong, but my understanding that such huge trades are not put on the market the normal way, but run through big investment banks that are able to use different techniques to avoid harming the stock price. For example, they can exchange the shares with hedge funds, ETFs/mutual funds, pension funds, and they can do the trades in batches over several days.