Unusual trading patterns in LYC trading today:
1. Very low volume compared to LYC's usual. It's just after 12 noon now, and still only 1.9 million shares traded.
2. Very little shorting activity. Still some straight-out selling on the Course of Sales, but only the very occasional attempt at bot-driven shorting
3. Share price trading sideways in a 1-cent band most of the day so far - between 1.105 and 1.115
Impression is that everyone - including the big end of town - is just marking time while waiting for the TOL issuance.
Given that the market usually pro-acts before news is announced (not that inside info would be a factor, of course...!), then this could be just the calm before the storm.
If we see the share price suddenly start to go up on significant volume (important that - the volume needs to be there), then that could indicate the impending announcement of the TOL.
Just my thoughts...
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B |
Open | High | Low | Value | Volume |
$6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 128544 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.95 | 12481 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6168 | 5.920 |
2 | 4695 | 5.910 |
15 | 29598 | 5.900 |
1 | 155 | 5.890 |
4 | 1756 | 5.880 |
Price($) | Vol. | No. |
---|---|---|
5.950 | 2000 | 1 |
6.020 | 1000 | 1 |
6.030 | 21222 | 1 |
6.040 | 3768 | 3 |
6.050 | 2000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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