Because it's gone from 20c to $1.80 in the past 10 months.
Stocks do not go straight up on a nice neat diagonal trajectory for ever and ever.
They go through periods of consolidation, and breakout. New investors jump on, old ones jump off. Advance. Consolidation...
Maybe you chould spend a few minutes having a look at any chart on the ASX to see what I mean.
I think it ran ahead of itself a few weeks ago and needed some decent consolidation to remain in a healthy longer term uptrend. That is occurring, which is a very good long term sign.
SDG
why is the shareprice falling?, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.73 |
Change
0.090(3.41%) |
Mkt cap ! $3.750B | |||
| Open | High | Low | Value | Volume |
| $2.72 | $2.75 | $2.70 | $17.12M | 6.284M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11100 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 154758 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |