as in my previous RIO post, I think there's 2 schools of thought here. Buy or hold now to take up the offer or buy when the new shares dilute the share price. When the news was released on Friday we were all just blown away, and I just thought "who would want to sell now"? However, the volume for that day was good, but for every buyer there was a seller. The closing share price was lower than its opening price. So for now I don't believe we can safely conclude which way the SP will go.
sp rio next few wks, page-4
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Last
$122.07 |
Change
1.070(0.88%) |
Mkt cap ! $45.31B | |||
| Open | High | Low | Value | Volume |
| $121.50 | $123.08 | $121.50 | $126.7M | 1.034M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 697 | $122.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.07 | 110 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |