Hedge Fund Liquidation To Hit Qantas - Traders
2343 GMT [Dow Jones] Hedge fund liquidation will hit Qantas (QAN) shares today,
possibly resulting in drop below A$5.00, after APA failed to get 50% acceptances by
Friday deadline. Senior institutional trader cites Sydney Morning Herald article claiming
foreign ownership is about 65% vs 49% limit: "The big point is going to be that
foreign ownership is well above 49% cap. Foreigners who were last to buy Qantas will be
the first to sell." Says hedge fund selldown could cause drop below A$5.00, with
local institutional buyers likely to wait. "Hedge funds are going to be put on the
barbeque." QAN last A$5.38. (DWR)
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Last
$6.84 |
Change
0.000(0.00%) |
Mkt cap ! $10.69B |
Open | High | Low | Value | Volume |
$6.85 | $6.88 | $6.79 | $31.32M | 4.585M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5496 | $6.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.85 | 83582 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5496 | 6.840 |
2 | 957 | 6.830 |
1 | 461 | 6.820 |
2 | 524 | 6.810 |
7 | 136740 | 6.800 |
Price($) | Vol. | No. |
---|---|---|
6.850 | 83582 | 12 |
6.860 | 33715 | 4 |
6.870 | 33001 | 7 |
6.880 | 78273 | 26 |
6.890 | 65026 | 28 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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QAN (ASX) Chart |