Because the stock is hugely overvalued....it rises or falls purely on sentiment as there are no fundamentals to support it.
Take a look at Zoom that needs to fall by huge amounts to reach fair value on the same basis
Chart - Z1P, page-1557
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 (20min delay)
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Last
$3.28 |
Change
0.030(0.92%) |
Mkt cap ! $4.256B | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.37 | $3.26 | $16.44M | 4.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 36686 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 33919 | 14 |
View Market Depth
| Last trade - 11.17am 19/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |