Yes, I wonder if there is some market manipulation going on in the background. I note that Vanguard is a big institutional investor now in graincorp and through its subsidiaries such as Blackrock is taking usually the largest institional holding in most major companies in the US(amazon, microsoft, testa, ,mcdonalds, mcdonnel douglas, boeing, apple, not to mention media companies) and increasingly here, here Wesfarmers, Qantas, CBA. https://au.finance.yahoo.com/quote/GNC.AX/holders?p=GNC.AX&.tsrc=fin-srch So, unprecedented market influence even warned about by Elon Musk. As Vanguard increases its influence. will we know as investors what this influence may be. It still does not make sense though. GNC skyrocket on their market announcement 8/4 due to the outstanding results and independent of the war. Price now has gone back to level before announcemen.
GNC Price at posting:
$7.66 Sentiment: Hold Disclosure: Held
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