And how exactly is a 1 or 10 share trade "manipulating" the share price of a $8b+ company? It makes no difference to the share price. They are simply chomping at the bid or ask price, just like every other participant in the market does. The bottom line, is the share price would still be where it is today whether there were bots or not. You're trying to justify why the share price is where it is today without looking at the real reason. The product that PLS sells is down the toilet. There is no other reason. The market is actually being generous to PLS at the moment as the share price should be much lower given the amount of profit it is spitting out relative to its valuation.
And how exactly is a 1 or 10 share trade "manipulating" the...
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Last
$2.87 |
Change
-0.020(0.69%) |
Mkt cap ! $8.638B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.92 | $2.78 | $84.74M | 29.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 173645 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |