That's what happens when a company goes ex-dividend. It drops by whatever the dividend price is and then resumes normal trading. The fact that ORG is subject to a takeover makes no difference to that process. If you factor in the divvie it's sitting at around $8.20.
manipulation, page-31
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 (20min delay)
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Last
$10.35 |
Change
0.190(1.87%) |
Mkt cap ! $17.83B | |||
| Open | High | Low | Value | Volume |
| $10.23 | $10.43 | $10.07 | $56.62M | 5.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11537 | $10.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 27109 | 3 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$10.34 |
Change
0.190 ( 1.63 %) |
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| Open | High | Low | Volume | ||
| $10.22 | $10.43 | $10.08 | 1426322 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| ORG (ASX) Chart |