I can't explain the price action other than to say that there has been just too much buying and emotional or nostalgic euphoria.
If the SPP gets to $10.70, which is the way I read it, last price today was way over the top. Institutions are offloading their $10.70 holdings at ~$14 and will buy them back maybe at $11.
Come Monday am there could also be the mother of all shorting with a recovery in the pm.
All by way of QBE's gratitude for hanging in there.
Human nature, one of the mysteries of the planet.
news on qbe?, page-36
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Last
$16.05 |
Change
-0.280(1.71%) |
Mkt cap ! $24.11B | |||
| Open | High | Low | Value | Volume |
| $15.70 | $16.11 | $15.49 | $161.0M | 10.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1821 | $16.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.05 | 4664 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| QBE (ASX) Chart |