Yes one would expect that taking shares off market would increase the price of the remaining shares but......
The total buy back is $264M out of a total market cap of $16.8B which is roughly 1.5%. So the effect is minor and is overwhelmed by daily sentiment about natural disasters, profits, management, interest rates in the US etc etc. I see the buy back as putting a higher floor under the SP. GLTAH
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Last
$17.16 |
Change
0.200(1.18%) |
Mkt cap ! $25.69B |
Open | High | Low | Value | Volume |
$17.09 | $17.17 | $17.00 | $7.567M | 442.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3361 | $17.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.16 | 534 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2005 | 17.150 |
19 | 4620 | 17.140 |
19 | 5315 | 17.130 |
9 | 3135 | 17.120 |
11 | 8604 | 17.110 |
Price($) | Vol. | No. |
---|---|---|
17.160 | 2464 | 10 |
17.170 | 14931 | 14 |
17.180 | 3593 | 10 |
17.190 | 4519 | 7 |
17.200 | 17731 | 11 |
Last trade - 11.40am 15/07/2024 (20 minute delay) ? |
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