The stock traded higher earlier in the day, rising over $9, but there was a big swing when the Australian market - where the stock is dual listed - opened in the afternoon, said Grant Davies, investment adviser at Hamilton Hindin Greene.
The shares have risen this week following A2's annual meeting, where the company said revenue and net profit jumped in the first four months of the current financial year as it continues to benefit from strong demand for infant formula.
"There has been a bit of profit-taking, I don't think it's anything to panic about. It's within A2's normal trading range," Mr Davies said. "The results have the market pretty excited on the whole about their prospects."
The stock traded higher earlier in the day, rising over $9, but...
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.13 |
Change
0.070(1.16%) |
Mkt cap ! $4.431B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.13 | $6.04 | $8.538M | 1.400M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.13 | 29909 | 5 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.10 |
Change
0.070 ( 0.58 %) |
||||
| Open | High | Low | Volume | ||
| $6.08 | $6.11 | $6.03 | 348783 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| A2M (ASX) Chart |