This seems to be a regular pattern . A good result and a sell down .
It has all the hallmarks of shortselling. Short sellers don't sell because there is any fundamental weakness, but they sell because they know that if they sell the right volumes at the right time they can push the sp down.
I can't say for sure that this is happening with WOW but I know other stocks with smaller market caps where shortselling is flourishing.
It is becoming a form of market manipulation but I wouldn't expect the A SX to act anytime soon.
why is wow being sold off, page-5
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Last
$33.30 |
Change
0.410(1.25%) |
Mkt cap ! $40.67B | |||
| Open | High | Low | Value | Volume |
| $33.06 | $33.36 | $33.03 | $40.37M | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $33.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.31 | 462 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| WOW (ASX) Chart |