Hey folks, have seen a few comments about the buy-back (BB) that I think is worth clearing up.
On-market BBs have strong regulations due to insider trading & market manipulation laws. As such, they are highly structured & automated using specific computer algos designed to target ~10% of daily liquidity at VWAP. This is to prevent companies manipulating SPs around time-sensitive events to achieve director performance bonuses etc.
Unfortunately, there is no BB boy sitting at his intern desk eating a burger & manually entering in orders to make use of the SP weakness!
However, the fact it's a high volume red day is definitely a positive for the BB. Cheers.
Target $18.72, page-113
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Last
$7.99 |
Change
-0.330(3.97%) |
Mkt cap ! $6.684B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.24 | $7.94 | $56.72M | 7.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 70838 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 66806 | 3 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |