My thoughts are the sell-down is more based on the old adage 'buy the rumor, sell the news' and the technicals?
The CEO is now incentivised heavily to get the SP to $1.25 for a few days by the end of the year. That's the key takeaway here IMHO.
Ann: Adriatic appoints Paul Cronin to Managing Director & CEO, page-13
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Last
$4.60 |
Change
0.170(3.84%) |
Mkt cap ! $1.193B | |||
| Open | High | Low | Value | Volume |
| $4.50 | $4.66 | $4.50 | $3.426M | 747.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 324 | $4.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.60 | 28659 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$4.60 |
Change
0.170 ( 3.75 %) |
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| Open | High | Low | Volume | ||
| $4.51 | $4.65 | $4.51 | 99933 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| ADT (ASX) Chart |