It's more than a bit perplexing to understand why the share price has collapsed more than 13% to below $7!
TLX did miss out on the general market carnage last Fri, so I guess there's some "catch-up" from that ie like today, there is a strange strategy on bad days of just selling out of small/medium stocks (of course, some "selling" is simply shorting, & I suspect there's a deal of that going on across the board today on top of last Fri).
I'm also struggling to understand the co-founders "agreeing" to sell 2m shares each (at $7.70 premarket this morning). So on top of the 22.7m shares in the institutional placement, someone has bought another 4m shares from the co-founders. They "agreed" to sell for what reason?
Major holders selling never is viewed well by the market, so I'm guessing that hasn't helped the reaction today. Those 26.7m $7.70 shares are currently nearly 10% underwater which won't please the new investors.
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Last
$19.81 |
Change
0.490(2.54%) |
Mkt cap ! $6.629B |
Open | High | Low | Value | Volume |
$19.49 | $19.81 | $19.28 | $27.96M | 1.430M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150 | $19.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.81 | 10432 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150 | 19.800 |
2 | 1178 | 19.580 |
1 | 17001 | 19.570 |
1 | 1000 | 19.560 |
1 | 3649 | 19.550 |
Price($) | Vol. | No. |
---|---|---|
19.810 | 10432 | 1 |
19.820 | 3649 | 1 |
19.840 | 1956 | 1 |
19.860 | 7695 | 2 |
19.880 | 770 | 2 |
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