No doubt it will be a bad day for RIO, but remember the sharp drop is due to hedge funds that were long and trying to exploit the differential in the BHP offer. They obviously thought the deal was a certainty. RIO will bounce around for a bit before it settles.
Another haircut for hedge funds lol
black wednesday..., page-23
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 (20min delay)
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Last
$114.16 |
Change
-2.490(2.13%) |
Mkt cap ! $42.37B | |||
| Open | High | Low | Value | Volume |
| $116.01 | $116.21 | $113.56 | $195.3M | 1.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 197 | $114.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.17 | 199 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |