Here's what i reckon happened. On 15/01 a writer in 'Eureka report' published a long and positive analysis re JBH for Eureka's many readers who are mainly SMSF. Retail investors piled-in (see spike in vols) over next 2 days pushing SP above $21.00. Then SP turned sharply and price feell rapidly. Trading update on 28/01 gave mkt no confidence and slide (with one day the strong exception) continued. Looks like retailers bought whilst pros sell/short. If Eureka readers now bail-out it simply accentuates the fall. Vols very high last 2 days.
why is jbh so down today after a stella result, page-3
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 (20min delay)
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Last
$81.53 |
Change
0.640(0.79%) |
Mkt cap ! $8.952B | |||
| Open | High | Low | Value | Volume |
| $81.79 | $82.11 | $80.99 | $12.46M | 152.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 60 | $81.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $81.56 | 27 | 7 |
View Market Depth
| Last trade - 15.32pm 17/10/2024 (20 minute delay) ? |
| JBH (ASX) Chart |