The pattern of trades over the past week suggests you might be right, there seemed to be urgent selling up until this morning, we find out Industry Super has been selling for a month and is no longer substantial, and then the pressure comes off and we bounce 5%. Of course they may go on selling, we wont know really now, but it looks like their target was to get below 5% and theyve achieved that. The selling would be purely portfolio rebalancing after a big rise. I very much doubt they are expecting less of Kogan.
Kogan inversion, page-27
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Last
$4.43 |
Change
-0.110(2.42%) |
Mkt cap ! $447.7M | |||
| Open | High | Low | Value | Volume |
| $4.48 | $4.48 | $4.41 | $900.8K | 203.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1971 | $4.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.43 | 4805 | 15 |
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| Last trade - 12.45pm 19/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |