It appears that PRU is being toyed with. Average sale volume today below 500. Yesterday average 1200, day before 2000 and the day before 3000. All indicates program trading. And program trading suggests a higher purpose. Given that the POG is at record highs and PRU hasn't moved it seems likely that whoever is doing it is trying to cap the price. We can only speculate to what end, but someone thinks they are worth the effort.
The TSX listing promises to see a giant rerating for this stock, and it is less than ten weeks away, in all probablity.
A couple of scaredies recommending a sell at this stage really does represent either a failure of ticker, a misunderstanding of the underlying fundamentals of the stock, or overindulgence in the green stuff.
it's elementary, my dear watson
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Last
$2.32 |
Change
-0.030(1.28%) |
Mkt cap ! $3.187B | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.32 | $2.25 | $11.09M | 4.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 265953 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 392235 | 14 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| PRU (ASX) Chart |