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
$17.28 |
Change
-0.410(2.32%) |
Mkt cap ! $5.782B |
Open | High | Low | Value | Volume |
$17.40 | $17.56 | $17.11 | $22.77M | 1.311M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5701 | $17.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.28 | 2381 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5701 | 17.260 |
1 | 35 | 17.250 |
3 | 13113 | 17.240 |
3 | 8178 | 17.230 |
7 | 6316 | 17.200 |
Price($) | Vol. | No. |
---|---|---|
17.280 | 2381 | 2 |
17.290 | 1948 | 1 |
17.300 | 50068 | 2 |
17.320 | 781 | 1 |
17.360 | 3254 | 1 |
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