I believe it's not today's news of the CEO transition, but rather that the selling was orchestrated a while ago when the share price was between $3.2 and $3.4, as it was heavily shorted. Since the company pays dividends, it's a comfortable holding for me, providing regular income. Additionally, most of the major shareholders are buying. The way I see it, they want to acquire retail holders' shares at the moment, which will likely change the momentum. If it's not at the bottom, I believe it's at least near the bottom now. It takes courage to hold when major players want your shares these days. They are certainly causing chaos and we will see it soon weather it’s real or not!
Ann: Insignia Financial Announces CEO Transition, page-35
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$3.31 |
Change
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Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $3.27 | $3.32 | $3.24 | $5.926M | 1.801M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 825 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.31 | 5858 | 3 |
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