The top seller is CommSec - basically, professional investors are buying from retail investors who are happy to sell at this level because they don't see the value.
Here is the accumulation/distribution chart for retail brokers (retail investors) over the past 6 months.Retail investors keep selling to professionals.
Here is the accumulation chart for a subgroup of professional investors - investment banks (Citigroup, Goldman Sachs, Macquarie, Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS).
They increased the pace of accumulation in January 2025. Then, during the time the price was in a side channel during Feb-March, they added even more.
Looks like aggressive accumulation so far. However, need to track when they will start selling to lock in their profit.
CMM Price at posting:
$9.97 Sentiment: None Disclosure: Not Held
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