Atlanta,
"This broker is bearish on the Fortescue (ASX:FMG) share price Morgans isn’t a fan of the company’s plans or its share price…It appears from the substantial holder notice that JP Morgan Bank and JP Morgan Luxembourg were buyers during this period as well as before and after the date of the above advice."
Hi Atlanta, as you highlighted Morgans were solid buyers below the radar whilst at the same time attempting to publicly bash the stock
by giving a sell/hold sentiment with low target prices well below the levels it was trading at.
Pretty blatant manipulation but apparently legal?
regards, EB
.
Atlanta, "This broker is bearish on the Fortescue (ASX:FMG)...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |