I think GNC will do well here and probably fell too low.
UMG might be in a tough spot as after all can have craft beer when everyone is out of work and the pubs are forced to close. I wish I knew more about these stocks though. As well as brewery issues.
I'm interested in GNC also on the principle that even in a recession people still have to eat and the low Aussie dollar will make exports more competitive. I would not be surprised that when holders realize they actually have the UMG shares they sell and rebuy GNC with them.
Anyway that's my hunch and I'd like to learn more. I bought in a little at 3.05 dollarydoos and I don't have much skin in this game.
I think GNC will do well here and probably fell too low. UMG...
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Last
$8.28 |
Change
0.020(0.24%) |
Mkt cap ! $1.857B | |||
| Open | High | Low | Value | Volume |
| $8.30 | $8.33 | $8.24 | $4.372M | 527.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1385 | $8.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.33 | 1386 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$8.31 |
Change
0.020 ( 0.38 %) |
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| Open | High | Low | Volume | ||
| $8.25 | $8.33 | $8.24 | 97602 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| GNC (ASX) Chart |