Well, my theory is, a lot of individual investors work to a dollar value which almost always comes in at an odd number for the shares. Me included, even though i have substantial access to funds. I rarely trade to a specific share qty.
But, those who transfer shares around and load up buy and sell depths to appear certain ways both pre open, close and during the days. They tend to transfer shares as whole and rounded numbers.
if "sophisticated" investors are selling, it also seems "sophisticated " investors are buying to me especially when trade numbers are neat number like 25k @ .495 = $12,375 then the same order appears multiple times that day/ week in both bu and sell.
Someone loads up 20k almost every open and removes just prior to open. It's also a tactic.
essentially, what im suggesting, is that this price is by design. Large investors arent leaving this stock in droves, they are trading it and holding it at this level
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Last
55.5¢ |
Change
-0.010(1.77%) |
Mkt cap ! $158.3M |
Open | High | Low | Value | Volume |
56.0¢ | 58.0¢ | 54.0¢ | $94.23K | 168.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4199 | 55.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 3030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4199 | 0.555 |
2 | 26818 | 0.550 |
2 | 11954 | 0.545 |
3 | 23342 | 0.540 |
3 | 102794 | 0.535 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 3030 | 1 |
0.595 | 11680 | 2 |
0.600 | 113179 | 2 |
0.605 | 5000 | 1 |
0.610 | 88740 | 3 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
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