PDN 4.10% $15.50 paladin energy ltd

Algo shorting

  1. 926 Posts.
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    I'm sure you will find that the selling is based on predatory algorithms operated by algo operating companies that are like Susquehanna, ITG, Tibra, Optiva etc. They have programs that scan for high volume downtrends then unleash an algo that buys and sells with a net profitable position that they build up over a period of days. I bet if Paladin suspended for a few days, then the stupe algo companies would scramble to cover stock that they had to settle on and pay for. Or to deliver stock they'd sold that they did not hold but intended to pick up by t+3. Someone should suggest that to PDN management who no doubt would be monitoring the sellers and the share register.
 
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Last
$15.50
Change
0.610(4.10%)
Mkt cap ! $4.626B
Open High Low Value Volume
$15.00 $15.50 $14.85 $20.41M 1.337M

Buyers (Bids)

No. Vol. Price($)
1 999 $15.50
 

Sellers (Offers)

Price($) Vol. No.
$15.52 400 1
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$15.47
  Change
0.610 ( 4.74 %)
Open High Low Volume
$15.09 $15.48 $14.86 264850
Last updated 15.59pm 03/05/2024 ?
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