If you look at the market depth you will notice that someone is bailing out. I think that its most likely hedge funds and fund managers also cfds and margin loans.
This is what happens when you use blind faith to value companies with high pe ratios. It should settle around $35 and a good correction at the same time would see a price as low as $31
If you look at the market depth you will notice that someone is...
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Last
$43.16 |
Change
-0.140(0.32%) |
Mkt cap ! $218.8B | |||
| Open | High | Low | Value | Volume |
| $43.41 | $43.56 | $42.89 | $272.8M | 6.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | $43.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.17 | 1162 | 2 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |