KGN 0.00% $4.22 kogan.com ltd

What is happening to KGN share price?Hi All,I've been following...

  1. 483 Posts.
    lightbulb Created with Sketch. 59

    What is happening to KGN share price?


    Hi All,


    I've been following KGN for a few months. It seems to follow Dow Jones index closely. However in the last 5 trading sessions, the Dow index has gone up every day, yet KGN has dropped nearly every day during the last 5 sessions. Furthermore, i realised in the past, it has dropped suddenly but yet in the course of the day, it will still spike up high and for traders it can be a sign for taking profits. But this did not happen in the last 5 trading sessions.


    Furthermore, the spread between buy and sell could be a few cents before the last 5 sessions, yet in the last couple of days, the spread is 0.01 cent with lots of sellers at each level. Something has changed dramatically in the last 5 sessions and I don't know what causes it since there are no announcements apart from today. Today's announcement I thought was positive as Blackrock accumulated 5% of KGN, yet the shares opened 0.02 below yesterday's price and continue to drift lower throughout the day. Does anyone have a good explanation of what is happening to KGN during the last 5 sessions and what their views on the direction of the share prices in the next week?

 
watchlist Created with Sketch. Add KGN (ASX) to my watchlist
(20min delay)
Last
$4.22
Change
0.000(0.00%)
Mkt cap ! $424.6M
Open High Low Value Volume
$4.25 $4.26 $4.18 $1.568M 371.6K

Buyers (Bids)

No. Vol. Price($)
1 244 $4.21
 

Sellers (Offers)

Price($) Vol. No.
$4.23 6307 1
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
KGN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.