CO - Global Cord Blood volume 60x higher than usual following SEC filing

Volume in Global Cord Blood Corp. (NYSE:CO) is up nearly 60 times the normal average after the company posted an SEC Form SC 13 G/A this morning. As of 255p ET, ~3.8M shares had traded hands. Normal volume is 63,219 shares. Most of the ownership in filings were related to Kent C. McCarthy or his affiliated trusts. Collectively, those entities own ~9.4% of outstanding company shares. McCarthy is the manager Jayhawk Private Equity, LLC. Jayhawk Capital Management, which is controlled by McCarthy, owns ~3.1% of shares. Read why Seeking Alpha contributor Value Investment Principals views Global Cord Blood as a buy.

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Global Cord Blood volume 60x higher than usual following SEC filing