SPL 1.02% 9.9¢ starpharma holdings limited

Starpharma Shares

  1. 357 Posts.
    lightbulb Created with Sketch. 31
    Over the last few weeks it has looked like we had 1 or more serious buyers.
    At the same time we know we have had a serious seller aka Fidelity.

    For lack of the right description/terminology i'll say it has appeared to me that we have had buyer bots and seller bots.
    For this reason I think the trades we have seen are largely from institutional holders.

    I cannot understand why today we see such a lack of volume.

    When does it seem Fidelity is getting its queue to sell? There seems to be reasonable market depth today for them to sell more, they started selling from a share price under $1.

    I cannot understand how we are now trading in such a narrow band over the last week but I do have a theory.
    It kinda looks like whoever is selling is just feeding the market depth between $1.48 - $1.50 for now and waiting for the buyer to keep nibbling away. As far as the price not going up further than this range I take it that the buyer is getting enough shares for their liking for now.

    I sure hope Fidelity has finished selling or atleast finishes soon.
 
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Last
9.9¢
Change
0.001(1.02%)
Mkt cap ! $41.39M
Open High Low Value Volume
9.8¢ 10.0¢ 9.8¢ $28.58K 288.8K

Buyers (Bids)

No. Vol. Price($)
1 59999 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
9.9¢ 1252 1
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
SPL (ASX) Chart
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