I honestly have no idea who or why this is happening, but i have watched the transactions regularly over the last couple of weeks, under the assumption there would be a significant change in transaction trends as Lanstead completed their selling.
From my uneducated eye, i've noticed mulitple daily low value (less than $100) / low volume (less than 100shares) transactions occur, often in regular time intervals. Each time the transactions have held the SP down after a small bump in price.
Since Lansteads selling has supposedly stopped, this trend has continued, albeit on an smaller scale, and has been less aggressive than previously noted.
Granted i am a small time investor and these are my observations only, i don't profess to be educated in the nuances of the sharemarket nor an expert, and am as curious as others as to what is occurring here.
I will note, that as a long term holder this phenomenon doesn't concern me overly much, I see the value in the product being developed and continue to have faith in the management team to see this through and deliver the promised value.
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Last
$20.17 |
Change
0.070(0.35%) |
Mkt cap ! $2.578B |
Open | High | Low | Value | Volume |
$20.39 | $20.53 | $20.14 | $4.102M | 202.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 249 | $20.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.31 | 790 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 249 | 20.150 |
5 | 650 | 20.000 |
3 | 776 | 19.900 |
6 | 2760 | 19.800 |
1 | 400 | 19.780 |
Price($) | Vol. | No. |
---|---|---|
20.680 | 888 | 1 |
20.800 | 500 | 1 |
20.900 | 500 | 1 |
21.000 | 2200 | 3 |
21.200 | 611 | 2 |
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