I think your point is well supported by the trading over the last few days. It seems that a number of retail investors have decided to 'count their chickens before they are hatched" and as a result, take short term gains in place of the long term opportunities that RAC is very likely to bring.
Ann: Race Strategic Update March 2021, page-394
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 (20min delay)
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Last
$1.53 |
Change
-0.050(3.17%) |
Mkt cap ! $259.9M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.59 | $1.51 | $174.6K | 113.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2372 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 141 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |