Instos buying and selling like this...Fortescue shares fly; big insto seen buying
Apr 26, 2022 – 11.38amGoldman Sachs’s equity desk made an early claim to Tuesday’s biggest trade, handling a line of $215 million Fortescue shares.
A Fortescue train in WA’s Pilbara taking iron ore to port. Fortescue
The trade was understood to have been done at $19.95 a share, a 6 per cent discount to Friday’s close of $21.22 per share.
Fingers were pointing to Capital Group as the buyer, but the identity of the seller wasn’t known.
It comes as Fortescue shares slumped post a nearly 9 per cent drop in iron ore prices on Monday as COVID-19’s spread in China raised questions about demand from the country.
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Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@copyright linkSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@copyright link
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B |
Open | High | Low | Value | Volume |
$22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $22.40 |
Sellers (Offers)
Price($) | Vol. | No. |
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$22.42 | 11435 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 22.400 |
2 | 962 | 22.380 |
3 | 22044 | 22.360 |
5 | 44029 | 22.350 |
2 | 1431 | 22.340 |
Price($) | Vol. | No. |
---|---|---|
22.430 | 12787 | 2 |
22.450 | 61163 | 5 |
22.470 | 10022 | 2 |
22.480 | 41169 | 4 |
22.490 | 7448 | 1 |
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