Yes one would expect that taking shares off market would increase the price of the remaining shares but......
The total buy back is $264M out of a total market cap of $16.8B which is roughly 1.5%. So the effect is minor and is overwhelmed by daily sentiment about natural disasters, profits, management, interest rates in the US etc etc. I see the buy back as putting a higher floor under the SP. GLTAH
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Last
$17.19 |
Change
0.225(1.33%) |
Mkt cap ! $25.69B |
Open | High | Low | Value | Volume |
$17.09 | $17.22 | $17.00 | $9.234M | 539.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 5999 | $17.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.19 | 712 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 3855 | 17.180 |
18 | 6102 | 17.170 |
10 | 2706 | 17.160 |
14 | 9081 | 17.150 |
10 | 5329 | 17.140 |
Price($) | Vol. | No. |
---|---|---|
17.190 | 1122 | 10 |
17.200 | 3493 | 15 |
17.210 | 9451 | 17 |
17.220 | 8055 | 19 |
17.230 | 7249 | 10 |
Last trade - 12.02pm 15/07/2024 (20 minute delay) ? |
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