...on the other hand, you have investors piling into all-but-bankrupt companies (Hertz, Kodak), bidding up companies with accelerating losses to the sky or giving them a pass even when they underwhelm (almost anything cloud or e-commerce-related) etc.
Even companies with copious amounts of uncertainty about their outlook as things stand today are catching a bid e.g. the travel stocks.
Many companies I follow are trading at equivalent or higher levels to their pre-pandemic prices, even with earnings going backwards and a relatively muted or uncertain outlook. Topsy-turvy much?
Ann: Market Update, page-23
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Last
$38.47 |
Change
0.270(0.71%) |
Mkt cap ! $3.167B | |||
| Open | High | Low | Value | Volume |
| $38.20 | $38.54 | $38.06 | $3.753M | 97.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.48 | 121 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |