Yesterday was July 1, the date on which Elliot Associates’ “standstill” agreement with MSC Software expired. Under the February agreement, Elliott Associates could not buy the additional shares that would give it a 20% stake in MSC, enough to affect management decisions. I contacted MSC and was told that the company has no news to announce—but investors clearly hoped something would happen as they pushed the stock price up (on volume several times the norm) in the days before June 30, then again yesterday and let it fall a bit today.
Until someone files with the SEC, there’s no way to know who bought in yesterday’s trades of 257,500 shares or if it affects the ownership in any real way.
No news. Just rumors.