There is a "maximum amount" rule that prohibits companies paying more than 5% of the average price over a week. That prevents them manipulating the share price up. I'm not sure if there is a minimum amount rule, but I can see the sense in having one. However, even if there is one, it wouldn't stop ALL buying back in the $30-31 range, so I've also thought about why they haven't been. My money's on the board thinking the share price will fall further. It's never nice to see red all the time, but really I see it as a good opportunity to top up (or rather, I will soon).
There is a "maximum amount" rule that prohibits companies paying...
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Last
$62.33 |
Change
0.830(1.35%) |
Mkt cap ! $39.22B | |||
| Open | High | Low | Value | Volume |
| $61.70 | $62.60 | $61.70 | $67.41M | 1.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 470 | $62.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.60 | 910 | 1 |
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