Jul. 29 at 6:43 AM
$OLPX
🦊🦊🦊🦊
$OLPX has had its challenges, but recent institutional activity has been interesting, especially from the big boys T. Rowe Price.
Starting in Q3 2024, they’ve built a position of 27.5M shares at an estimated average around
$1.98. For a long-term fund like T. Rowe, steadily deploying ~
$50M into a name like this over just a few quarters feels like a meaningful signal, even if it's chump change to them. If Advent holds majority of shares and T. ROWE is looking to build a position long-term and is already at 27.5 M shares I'd say a decent majority of float is locked up...however, that would be dependent on
$TROW 's strategy and where they decide to sell
A few others have added quietly too, Renaissance, First Trust, and Bridgeway. And while Vanguard and BlackRock trimmed slightly, it’s probably just rebalancing after years of holding what looks like a loss lol.
Keep an eye on price action to come, it may get interesting!!
$SPY $QQQ
– StockFox 🦊
