Why is the price low?
1) There are more sellers than buyers.
2) Sellers are making the market atm
There simply are not anymore reasons for the low ball price.
The sellers maybe shorters, bots, or whatever insto you can think of but... its a simple supply and demand outcome.
And it can go on for as long as there is sufficient supply (shorts, insto holdings etc), or a deficient demand.
Why and who is selling is annoying, but largely irrelevant.
Accept the economics - too much supply = fall in price.
I hope LYC rises, I do own some shares. But be wise enough to hold (as a retail investor) that which you can afford to keep.
I hate seeing the shakeout, but thats how the damn market works now - supply is king.
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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