Yes really surprised at the drop - trading results were pretty solid I thought and looks like the acquisition of MacPac is going well. I'm not close enough to the company to comment though on the CEO leaving.
SUL does have a history of dropping on announcements though with a similar drop last year off the top of my head. Assume this one, being a retail stock, is on short-sellers radars and they smell blood on any hint of negative news.
Ann: Trading Update October 2018, page-7
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Last
$17.87 |
Change
0.170(0.96%) |
Mkt cap ! $4.035B | |||
| Open | High | Low | Value | Volume |
| $17.84 | $17.92 | $17.42 | $15.42M | 869.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4039 | $17.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.90 | 935 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SUL (ASX) Chart |