With STATE STREET shareholding 5.02% they had good reason to increase and make money because the way the CXO is run now.
They know that little response the Board means that some investors start worrying and selling taking the price down.
The other scenario is the company does eventually make an announcement, with good results then the price goes, and good old STATE STREET will sell down some shares, receiving with a great profit.
THEY HAVE A WIN, WIN SITUATION where they can in some respect MANIPULATE companies like CXO with the shorters.IMOP
Ann: Becoming a substantial holder, page-43
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $235.7M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.3¢ | 10.5¢ | $384.8K | 3.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1463239 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 2493207 | 30 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |