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$2.10 nearmap ltd

VWAP for the day after closing auction has landed on $2.099...

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brednog

274 Posts.

33

24/08/22

16:13

Post #: 63298821
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Originally posted by brednog: ↑

Ok at market close auction the VWAP price for the day is 2.098 - so, the higher prices this afternoon *could* have been execution algo's trying to close out short positions while keeping the VWAP price for large parcels being bought at $2.10 or less. If so this will have been an example wehre algo trading can actually benefit the retail holder (if any sold at > $2.10 and that does end up being the takeover price).

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VWAP for the day after closing auction has landed on $2.099 exactly. Hmmmmm.

PS - I jumped in a sold half my holding @ $2.15 in the closing auction. Let's see what tomorrow brings!

Last edited by brednog: 24/08/22

NEA Price at posting: $2.15 Sentiment: Hold Disclosure: Held
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0 Great analysis

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