FMG 1.75% $26.78 fortescue ltd

Iron ore price, page-485

  1. 338 Posts.
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    Your status says you 'Hold' then you will know that FMG reacts to bad news at a greater percentage to RIO. It is also at the mercy of the market makers and heavily effected by sentiment...but you know all this as you are a holder. Blox was airing his valid view that they do indeed trade in a very similar pattern backed up by IO/DCE movements which you also know being a holder.

    His point (IMO) was merely that RIO was recovering quicker than FMG to the recent drop in IO/DCE. Asking a valid question as to wether there was news out or a situation that was only effecting RIO price or wether it was the usual market makers draining every drop of blood from the recent declines. Looking at RIO today I would say an element of blood sucking going on at the FMG table.
 
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Last
$26.78
Change
0.460(1.75%)
Mkt cap ! $82.45B
Open High Low Value Volume
$26.79 $26.79 $26.44 $104.0M 3.898M

Buyers (Bids)

No. Vol. Price($)
1 1000 $26.71
 

Sellers (Offers)

Price($) Vol. No.
$26.79 25045 6
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Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
$26.72
  Change
0.460 ( 1.96 %)
Open High Low Volume
$26.76 $26.79 $26.44 573343
Last updated 15.59pm 07/05/2024 ?
FMG (ASX) Chart
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