I thought the market not only read it on the 8am EST report date of 25/02 but also reacted to it in the following sell off on that day. Why was there a sell off when the previous downgrade has already alluded to a low range revenue of $1.4b Rev and HY confirmed that ? Because the market didn’t like this paragraph and this assumption in the HY and hence a big sell off to build that into the SP. Market tends to be over cautious and oversell a stock while it’s in headwind and over optimistic when it has the tailwind.
Chart Update, page-18776
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Last
$6.72 |
Change
-0.020(0.30%) |
Mkt cap ! $4.858B | |||
| Open | High | Low | Value | Volume |
| $6.81 | $6.89 | $6.68 | $14.52M | 2.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13046 | $6.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 17123 | 4 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |