A list of some outcomes that were not known 2-3 weeks ago and are now known:
*OPEC had its meeting and will maintain current production, no cut-this is now complete and out of the way.
*Brazil governments law suit amount quantified.
*Iron ore price fell further to lowest levels in years
*Oil price also at lowest level in years
*Copper also hit lowest levels in years
*Stock has now fallen 31% in 8 weeks (that's 3.9% every week for 8 weeks), -24% since Brazil incident and -5% in a week.
*Stop losses at $21, at $20, at $19 and those just under $18 all got cleared out and flushed many people out.
*Dividend may be cut, but there is still at least a 0.60c ff dividend coming and it is as close as February (8 weeks away) and the stock price is at a low base.
*Sentiment is extremely bearish as Siameseparrot has also indicated.
*Many technical indicators showing an oversold condition.
*Management is now feeling the heat and knows it needs to perform to keep in office.
*For a long time, stock price stayed well away from its day low of $17.81 on Friday afternoon and for the first time in a while, closed well away from the low-that was an important feature.
*The prospect of an interest rate rise in the US this month is now not so much of an uncertainty as 2-3 months ago.
As can be seen, the list is long and all now priced into the current share price. Likely that Friday's $17.93 was a good entry. A bounce is likely and is overdue.
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Last
$44.39 |
Change
-0.380(0.85%) |
Mkt cap ! $225.1B |
Open | High | Low | Value | Volume |
$44.52 | $44.68 | $44.21 | $228.3M | 5.147M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93 | $44.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.40 | 13049 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10285 | 44.300 |
1 | 3000 | 44.250 |
1 | 1500 | 44.240 |
3 | 3500 | 44.230 |
2 | 10500 | 44.220 |
Price($) | Vol. | No. |
---|---|---|
44.400 | 10049 | 3 |
44.430 | 6349 | 1 |
44.470 | 6349 | 1 |
44.490 | 1687 | 1 |
44.500 | 701 | 5 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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