You mean this drop?
I didn't sell so I'm guessing at what other investors/traders had in mind. There was certainly nothing within the business to trigger the sell-off. But as you can see the share price took off at a pretty serious pace following the pandemic dip and went rocketing past its previous highs. There was also nothing inherent in the business to justify this kind of rise. So I suspect the correction was a result of a combination of:
- Realisation that share price growth had significantly outstripped business growth.
- Realisation that the pandemic was far from over, and that headwinds would remain for much longer than anticipated.
You mean this drop?I didn't sell so I'm guessing at what other...
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Last
$7.52 |
Change
0.140(1.90%) |
Mkt cap ! $1.157B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.53 | $7.42 | $2.015M | 269.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2756 | $7.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.52 | 988 | 9 |
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| Last trade - 15.50pm 04/11/2024 (20 minute delay) ? |
| DTL (ASX) Chart |