I just cant really fathom the magnitude of the drop (down circa 25%) given that the founder is leaving and passing onto a long term insider. There must be something else at play or rotation or some other sentiment at play.
As an example, MD of A2M leaves which is usually a red flag, but the share price barely moves.
Ann: Change of CEO and Earnings Update, page-44
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Last
$8.15 |
Change
-0.080(0.97%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $8.25 | $8.26 | $8.13 | $1.618M | 198.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $8.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.15 | 12456 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SIQ (ASX) Chart |