barrenjoey won’t want to be stuck with a load of stock so the price will be held up. I expect the retail take up to be even lower than the previous low level. The price is being held up by shorters closing out their positions 10% short is about 15m shares to repurchase. Christmas has come early for them. I note that retail holdings have increased as a percentage of total holdings so institutional holders have been unloading. 60% uptake by institutions is pretty poor. If the next update is not positive the shorters will return and drive Appen into the ground. CEO has now been in place for a year, seems like he took over a complete basket case but he should have achieved some results by now. Disappointing for all holders.
barrenjoey won’t want to be stuck with a load of stock so the...
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Last
$1.89 |
Change
-0.020(1.05%) |
Mkt cap ! $476.7M | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.98 | $1.77 | $25.86M | 13.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5149 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 26000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| APX (ASX) Chart |