This is obviously a slanted article.
It makes it sound as tho the shares were dumped in desperation onto the open market.
But, that is not even close to the truth.
CIBC actually paid $86 million for the shares, quite a substantial investment.
A few of these they are now passing along to TD and RBC which together with CIBC clients have bought over 1 million shares so far this day.
This is a share transfer process that will keep the share price contained until the mouths are filled.
That makes this a good buying opportunity.