Share prices drop sometimes not because the business is going broke, but because there are competitors to the business, in case of which Myer has improved massiveltly on their online sales to the point that their costs are being reduced via land and redundant infrastructure. Regardless Myer is not 20cents stock once restrictions ease and will bounce back to 2019 prices or higher due to the added improvements in online business. My 2.5cents
Ann: COVID-19 Business Update, page-21
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Last
82.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $682.0M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 83.0¢ | 80.0¢ | $829.3K | 1.017M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7006 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 11143 | 2 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| MYR (ASX) Chart |