Someone gobbled up a ton of Apple Friday

Philip Elmer-DeWitt

Nearly 96 million shares traded hands, according to NASDAQ, the largest one-day volume since 2015.


shares traded

Source: YCharts. Click to enlarge.

Note: NASDAQ, YCharts, Bloomberg and Yahoo Finance all show different volumes.

My take: As near as I can tell, the value of the shares traded Friday—more than $20 billion—was an all-time record. Who was buying as the stock was falling? I’ll give you two guesses.