what a sentiment change in 3 days! market was extremely bullish and now turns to very bearish.
Cyan Investment Management’s Dean Fergie said from an outsider’s perspective, Appen had a “massive reputation issue” to resolve based on its performance over the past few years.
Hebe Chen, a market analyst at IG Markets, says: "Innodata's withdrawal of the takeover offer is pulling Appen into high uncertainty and "casting an even darker shadow over its outlook once more"
I have no doubt the merger news was kept/leaked at the planned timing and purpose, which has been fully utilized by shorters and insiders.
Retail investors were kept in the dark and cooked.
what a sentiment change in 3 days! market was extremely bullish...
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Last
62.5¢ |
Change
0.015(2.46%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.5¢ | $911.1K | 1.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9900 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 125395 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
61.5¢ |
Change
0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 62.5¢ | 63.0¢ | 61.5¢ | 439368 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| APX (ASX) Chart |