IMO the trading pattern of IMM has being the same prior the phenomenon of GameStop, reddit, robin-hood etc... you get my drift. The bottom line, Australian investors and some fund managers don't have an appetite for speculative bio tech stocks for so many reason. Retail investors are very much irrational when it comes to Biotech stocks I am a holder of a few and they are all acting in the same way.
Information provided on Hot Copper by our regular contributors is nearly a fundamental reason has to why some of us are still in this stock and others. Its very hard to understand the actual process of clinical trials, diagnosing released dated and so on. The share price will move around a lot but IMO we have derisk our investment from the latest BMS announcement and it's not just our fellow contributors saving this but also GotezPartnes. If investors do not understand the company achievement so far I will be happy to buy your share on any substantional dips.
90 cents is the price target, page-25
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Last
35.5¢ |
Change
0.015(4.41%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 36.0¢ | 34.0¢ | $1.270M | 3.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 286261 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 253490 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IMM (ASX) Chart |