I had the same thoughts. This is what normally happens:
1) CR announced at price $x -> Stock gets dumped to price $x quickly, or slightly above $x
2) CR shares come out -> stock trades to $x or below on huge volume
HOWEVER this is what happened:
1) CR annoucned at price $x -> Stock gaps down, trades nowhere close to $x, then rallies, then makes a NEW HIGH later
2) CR shares come out -> some selling occurs on very low volume, placement has obviously gone to strong hands!
PLS chart, page-658
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Last
$2.97 |
Change
0.060(2.06%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.02 | $2.93 | $100.8M | 33.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 716181 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 235000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |