Sorry to hear about your Uncle.
While there has not been any news released this week, I have been out and about talking about RAC to investors and brokers. Many of the people I speak to have never heard of RAC, but once they do hear the story they get excited by the potential (the new 5 path strategy really is exciting). The SP price is a function of supply and demand and if you suddenly get more buying interest in a relatively illiquid stock then the SP can start to rise on the back of no news. Where things can get really interesting is if you suddenly have unexpected news thrown into this mix.
I would never encourage anyone to buy because of FOMO or what the traders are saying, but I do think it is worthwhile investigating the new RAC story and coming to your own conclusion if it is a good investment or not. At the very least you should find it interesting and if you have questions I will do my best to answer them.
RAC Charts, page-705
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Last
$1.83 |
Change
-0.030(1.61%) |
Mkt cap ! $311.7M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.91 | $1.79 | $169.3K | 92.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 92 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 3472 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |