firms will actively sell a stock to depres the sp if they are looking to take a major position or even take over the company for a client... its done so the purchasing party pays a low entry figure, and even if they lose money selling the stock, they gain a position at a cheaper overall price...
but no one has taken a position in lynas... it would be disclosed to the market..
time will tell if anyone is looking to take the company over, but I doubt its about to happen anytime soon... maybe when lynas is up an running smoothly a suitor may be interested...
lots of tangible reasons why the sp is struggling... manipulation is a bit far fetched...
price manipulation no such thing, page-11
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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
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |