I suspect it is more a case of in a world of near record stock valuations the hunt for value is king. If most stocks are seen at/near peak, it stands to reason, to me at least, that a company with potential value - even with increased risks - would attract attention. Especially when the likes of Bell Potter jump on-board (did they say $2.25 current value?).
I think AMP has a case to make that it is a multi-year investment which can - all things going right - build investor value over time. This is a difficult case to make for a number of other ASX200 stocks. Just my reading of the current action.
when will AMP HIT $3.00, page-38
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 (20min delay)
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Last
$1.07 |
Change
-0.035(3.18%) |
Mkt cap ! $2.887B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.07 | $11.39M | 10.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 266361 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 150000 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$1.07 |
Change
-0.035 ( 2.76 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.10 | $1.07 | 2495947 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| AMP (ASX) Chart |