I was one of those saying the sell-off was due to the upcoming 4C last week.
That was not because of insider trading, just that the result is in the expected range and the stock had got a long way ahead of itself and that this announcement was likely to bring the market back to reality.
It seemed ok, as the inventory buildup is consistent with a much bigger second half which is what the company has previously flagged.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-26
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$1.49 |
Change
-0.475(24.2%) |
Mkt cap ! $1.124B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.83 | $1.43 | $69.04M | 43.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 49724 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 59614 | 14 |
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