Basically says lots of stocks (small caps) up EOFY and then down at start of financial year. Done on purpose to potentially increase look of profit margins and performance for hedge/fund managers to get their bonuses.
However, they state in the article, STX specifically - Friday had news the market liked it, and Monday had news and the market didn't like it.
Which is weird, as the GSA announcement seems positive, not to be capped? but maybe there is something about it us retail holders are unaware of?
Market SP doesn't make sense - unless they expected different OR other news and that didn't come to fruition today.
Basically says lots of stocks (small caps) up EOFY and then down...
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.785M | 8.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 3486632 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1783463 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |