Better macro economic news for the world overnight. The Dow Jones index was up 700 points (2%) in the best daily performance in over six months after the combination of the debt ceiling result and encouraging jobs data boosted sentiment. The Nasdaq was up over 1%, the XBI biotech index up over 1.5% and the NBI biotech index up 1.75%.
The biotech sector performance, and larger world market conditions, which Race has very closely mirrored has been, in my opinion, the main reason for our share price decline lately, NOT a lack of the strength of fundamentals. My positive outlook with respect to RAC remains firmly in place and I’m hoping for a much better June for all of my stocks, most of which have been absolutely battered in a similar fashion - and for RAC with expected news to come and hopefully an improving outlook on the economy. The last few weeks have been absolutely bargain buying and I believe anyone that has done so will be very happy with their decision in the future.
Here’s to a good Monday!!
General Comments / Chat, page-7824
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Last
$1.53 |
Change
-0.060(3.79%) |
Mkt cap ! $259.9M |
Open | High | Low | Value | Volume |
$1.54 | $1.56 | $1.53 | $130.2K | 84.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | $1.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 10451 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4993 | 1.525 |
1 | 12381 | 1.520 |
3 | 9872 | 1.510 |
3 | 11327 | 1.505 |
9 | 14363 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 10451 | 1 |
1.595 | 6000 | 1 |
1.600 | 23239 | 1 |
1.630 | 6183 | 1 |
1.650 | 17029 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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RAC (ASX) Chart |