Why the price pop at the end of the day?

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Mxsailor Mxsailor
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Why the price pop at the end of the day?

Also hear that options are going crazy too. Who knows something? Anybody?
GSATCPA GSATCPA
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Re: Why the price pop at the end of the day?

I own lots of different stocks and none of them had a volume spike similar to GSAT. This fact along with options activity suggests that more than index rebalancing is at play. Any ideas?
stimulustrader stimulustrader
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Re: Why the price pop at the end of the day?

In reply to this post by Mxsailor
More than likely rebalancing of the Russell index.

Yesterday was last day of May which sets the ranking. Expect, more action in the weeks to come.

http://www.russell.com/documents/indexes/reconstitution-schedule.pdf