For anyone who thinks the big instos don't manipulate the stock market, let Blackrock's substantial notice change better inform you.
They were generally buyers at much higher prices thoughout the last 4 months. Then as it became clear that A2M was to join the MSCI index and more so when it was confirmed around 17 May, they became big sellers of the stock. They continued to sell and push the price down until May 31. This was the day A2M entered the index and we had the 60M volume day. Guess who bought around 10M to 20M of the stock that day (I haven't done a count just a guesstimate from their disclosure)?
Blackrock are big index fund managers, so they used their previous smaller holdings to push the SP down to pick up a much larger amount for the index funds.
Retailers fleeced again. Watch this move up big time over the next 3 months.
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Last
$5.19 |
Change
-0.130(2.44%) |
Mkt cap ! $3.782B |
Open | High | Low | Value | Volume |
$5.26 | $5.29 | $5.19 | $18.64M | 3.576M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 139482 | $5.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.20 | 270434 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 83879 | 5.440 |
5 | 13742 | 5.380 |
2 | 9387 | 5.340 |
8 | 12618 | 5.190 |
10 | 27940 | 5.180 |
Price($) | Vol. | No. |
---|---|---|
4.940 | 22108 | 1 |
5.070 | 4 | 1 |
5.190 | 14859 | 2 |
5.200 | 66375 | 4 |
5.220 | 14669 | 2 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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A2M (ASX) Chart |