...on the other hand, you have investors piling into all-but-bankrupt companies (Hertz, Kodak), bidding up companies with accelerating losses to the sky or giving them a pass even when they underwhelm (almost anything cloud or e-commerce-related) etc.
Even companies with copious amounts of uncertainty about their outlook as things stand today are catching a bid e.g. the travel stocks.
Many companies I follow are trading at equivalent or higher levels to their pre-pandemic prices, even with earnings going backwards and a relatively muted or uncertain outlook. Topsy-turvy much?
Ann: Market Update, page-23
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Last
$39.95 |
Change
-0.410(1.02%) |
Mkt cap ! $3.289B | |||
| Open | High | Low | Value | Volume |
| $40.31 | $40.43 | $39.90 | $3.551M | 88.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 261 | $39.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.00 | 11200 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |