I suspect the price movement has occurred because algorithmic or "bot" trading has stopped trying to drive the price down. These were all those trades of a couple of hundred shares that have been so frequent. The trading had got to a point where many followers of this stock thought the price ridiculous and were providing firm support at 24.5 cents thereby not allowing the stock to be further shorted. I think the algorithmic traders have exited thereby allowing the share price to finally move. Hopefully they have gone!
......Could be back tomorrow though!
I suspect the price movement has occurred because algorithmic or...
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 (20min delay)
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Last
50.5¢ |
Change
-0.010(1.94%) |
Mkt cap ! $301.7M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.0¢ | $120.7K | 238.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15028 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 96948 | 12 |
View Market Depth
| Last trade - 11.29am 05/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |