Every second Friday, when an employer gives out paycheques to its employees, some employers also give company shares as part of every paycheque (ESOP).
Now, quite a few big employers with many many employees do this. I am assuming this means that every other Friday, the company is going into the open public market, buying those shares and then giving it out to the employees.
For companies with large number of employees, should this not automatically cause the share price to spike every other Friday because of this huge buying demand?