In my opinion, this news was already factored into the share price prior to today's results.
Global markets are under pressure due to countless reasons, with the trade war being one of the highlights.
This isn't company related if we took the time to have a quick glance at all the sectors. It is red across the board. Not one sector is in the green as at 2:15pm AEST.
So how this has managed to go from a global standpoint, to that of an individual director, baffles my mind and immediately breaks an important rule of investing. That rule being; "never fall in love with a stock."
My 2c guess is if the global markets continue to be put under the pump and slide in value, A2M will probably slide with it, or vice versa if they rise.
Dalto24
In my opinion, this news was already factored into the share...
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Last
$6.25 |
Change
0.510(8.89%) |
Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152106 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.00 | 370 | 1 |
View Market Depth
| Last trade - 11.20am 27/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |