If this were the case, the stock price of STO wouldn't close on such large volume below the key 200 EMA which is the standard for "long term investors". I call lies, to offload more shares. Generally gotta go the opposite sentiment to mainstream and retail.I call fabrication but I do like that they have highlighted potential negatives. The merger although confirmed, is all still speculative. Nothing concrete at all IMO.
Lots of Investor Caution in that list by 3 Financial Institutions.
To get the deal across ACCC gonna need bribing by divesting assets, which then change the nature of the merger in itself and would need to be re-valuated. it's all alittle SOUR I think. Trappy as
Big Boys if they don't hold these levels they will sell it down to $6 a share.
Ann: Santos responds to media speculation, page-26
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Last
$7.47 |
Change
-0.010(0.13%) |
Mkt cap ! $24.26B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.53 | $7.43 | $29.78M | 3.988M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33500 | $7.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.47 | 23905 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$7.47 |
Change
-0.010 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $7.49 | $7.53 | $7.43 | 1271849 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| STO (ASX) Chart |