Considering how far the price has fallen it seems that the market is (either irrationally or inadvertently) pricing in a bad update. Doesn't necessarily mean that it is a likely outcome at all, just means that the market is failing to price in the high probability outcome of a bullish update which makes for a great buying opportunity imo
Markets are rarely rational, price movements should never be used as a signal of future performance/news
RAC - Charts & Price Action, page-16546
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Last
$1.79 |
Change
0.010(0.56%) |
Mkt cap ! $304.2M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.78 | $106.4K | 59.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 10000 | 2 |
View Market Depth
| Last trade - 15.57pm 30/09/2024 (20 minute delay) ? |
| RAC (ASX) Chart |