This seems to be a pure manipulation of the share price by a substantial holder taking advantage of a shorting action that they created!
Maybe there needs to be an exclusion period preventing companies from buying back in within a certain time frame after they dump a heap of stock resulting in a share price decline. A more cynical person might have described their actions as sabotage!
Maybe even time to outlaw Shorting!
Ann: Becoming a substantial holder- Fortescue Ltd., page-5
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Last
$17.49 |
Change
0.300(1.75%) |
Mkt cap ! $53.85B | |||
| Open | High | Low | Value | Volume |
| $17.34 | $17.56 | $17.13 | $141.9M | 8.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $17.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.49 | 26714 | 5 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |