Clearly the Mkt thought it was not "such great news"...and that is all that counts. Not what you, I or anyone or any other HC'ite thinks (retailers - always the last to know)
Not the news, but the Mkt's *reaction* to the news. That has always been the case in markets. It was never different And it was a bad reaction.
Down 17.7 % now.
Maybe it's a simple as buy the rumor, sell the news
No possible way to know.
Look for explanations and you'll go crazy.
Clearly the Mkt thought it was not "such great news"...and that...
Add ARL (ASX) to my watchlist
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Last
65.5¢ |
Change
-0.030(4.38%) |
Mkt cap ! $130.7M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 72.0¢ | 65.5¢ | $225.9K | 329.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 9600 | 1 |
View Market Depth
| Last trade - 15.59pm 02/05/2024 (20 minute delay) ? |
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Last
67.0¢ |
Change
-0.030 ( 3.24 %) |
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| Open | High | Low | Volume | ||
| 69.5¢ | 71.5¢ | 66.0¢ | 46212 | ||
| Last updated 15.54pm 02/05/2024 ? | |||||
| ARL (ASX) Chart |