shorts can’t really push the price under that $6.65 price. Runs a big risk to do that. Essentially it’s not the news they would of wanted. Should allow them to cover positions though from weak hands but in relation to forcing the price lower it’s going to be quite tough unless we experience a severe market correction or sales/growth in the US start to fade away which we don’t expect to happen.
Westpac sells Zip stake, page-183
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 133683 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |