It hasn't broken (yet), but it was in the ball park by 28 cents at the days low.
If everyone who participated in the SPP were long term CSL investors, there won't be a problem.
The fact that the price was going down, when the rest of the market is going up shows how the SPP can put extra sell pressure on the market. The company has the money they need for their acquisition (very good). It is now up to the shareholders to decide what they want to do with their new shares.
CSL has been a very good performer in this current market. When other stocks are down, you can sell some CSL to take opportunities else where.
We are probably seeing people switch some money from CSL to other stocks plus SPP holders getting out before there is no stag left (i.e. they were only getting the extra share short term).
It hasn't broken (yet), but it was in the ball park by 28 cents...
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Last
$308.21 |
Change
-0.280(0.09%) |
Mkt cap ! $148.5B | |||
| Open | High | Low | Value | Volume |
| $309.00 | $309.00 | $307.26 | $22.89M | 74.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | $308.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $308.21 | 4 | 1 |
View Market Depth
| Last trade - 11.14am 22/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |