From experience if this was tax related selling this generally has finished by the last week of June.
The sad part of the demise of the SP, (btw this applies to all biotechs) is probably a large percentage of sellers were family, friends and friends of friends who were introduced by us old timers ( I know of several who bought on my recommendation) now disillusioned and will probably never venture into the stock market again. Easy to say weaker hands etc but who can blame them when they see there valuation cut in half no matter what you say about the future prospects.
RAC - Charts & Price Action, page-16337
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Last
$1.79 |
Change
0.010(0.56%) |
Mkt cap ! $304.2M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.78 | $106.4K | 59.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 10000 | 2 |
View Market Depth
| Last trade - 15.57pm 30/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |