I have seen a few other shares recently where the share price rallies up to inclusion in an index, then increased availability of borrowing and shorting results in a price decline. Seems to be a well know trade of front-running the index changes, then shorting a correction.
In the long term, fundamentals will over-ride short term traders, especially with increased index inclusion and institusional holding.
I have seen a few other shares recently where the share price...
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Last
$1.62 |
Change
0.035(2.22%) |
Mkt cap ! $311.6M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.62 | $1.57 | $531.8K | 332.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1638 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 15921 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |