Better macro economic news for the world overnight. The Dow Jones index was up 700 points (2%) in the best daily performance in over six months after the combination of the debt ceiling result and encouraging jobs data boosted sentiment. The Nasdaq was up over 1%, the XBI biotech index up over 1.5% and the NBI biotech index up 1.75%.
The biotech sector performance, and larger world market conditions, which Race has very closely mirrored has been, in my opinion, the main reason for our share price decline lately, NOT a lack of the strength of fundamentals. My positive outlook with respect to RAC remains firmly in place and I’m hoping for a much better June for all of my stocks, most of which have been absolutely battered in a similar fashion - and for RAC with expected news to come and hopefully an improving outlook on the economy. The last few weeks have been absolutely bargain buying and I believe anyone that has done so will be very happy with their decision in the future.
Here’s to a good Monday!!
General Comments / Chat, page-7824
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Last
$1.44 |
Change
0.040(2.86%) |
Mkt cap ! $245.3M |
Open | High | Low | Value | Volume |
$1.45 | $1.49 | $1.41 | $101.7K | 69.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9216 | $1.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.47 | 7767 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 711 | 1.405 |
2 | 5750 | 1.400 |
1 | 2499 | 1.395 |
1 | 1000 | 1.380 |
2 | 8384 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.465 | 7767 | 2 |
1.480 | 3000 | 1 |
1.510 | 687 | 1 |
1.545 | 2040 | 1 |
1.550 | 5000 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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RAC (ASX) Chart |