Unlikely, but it is only a gamble as to which way it could go. There's 3:bigwigs in ZIP, each with a substantial holding just over 5%. If they show some more interest, IMO the SP can go back up if the market gets excited about a t/o. If they sell out, it could be a different story, IMO ZIP SP will go down the escalator head over heels.
Thirdly....hedge funds across the world are bleeding red ink from the dramatic rise in the US market, caused by the Magnificent 7 - rising tides lift all boats, etc. In Australia the Big 4 banks have caused the ASX records - soon likely to crack 8,000. The other side is the long short operators who have literally chopped up billions getting squeezed and closing out shorts and at present nobody is willing to dip their toe back in while this 'junk rally' remains. So the big boys say 'if you can't beat em join em?' Maybe they're trying to claw back to an upside after all they've chopped up - that would fit all 3, being notable as high volume short long traders. It would kill off the idea of somebody having a crack at buying ZIP though.......
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Last
$1.81 |
Change
-0.015(0.82%) |
Mkt cap ! $2.291B |
Open | High | Low | Value | Volume |
$1.77 | $1.83 | $1.72 | $35.46M | 19.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 51278 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.82 | 70000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 51278 | 1.805 |
9 | 131244 | 1.800 |
3 | 349285 | 1.795 |
5 | 414448 | 1.790 |
2 | 65161 | 1.785 |
Price($) | Vol. | No. |
---|---|---|
1.815 | 70000 | 2 |
1.820 | 65272 | 5 |
1.825 | 114668 | 11 |
1.830 | 144957 | 12 |
1.835 | 85049 | 8 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |