Oh, agree with you totally, IMHO there is no reason to do so. But the market certainly thinks so and the S&P 500 futures fell off a cliff when it was announced, as did growth stocks like A2M and “risk on” markets like the ASX.
All an overreaction IMHO but A2M stayed down and did not recover ending 1.6% down in a bearish continuation axis. The Chaikin oscillator recovered from yesterday too to show more volume comes ng n on the downside which is not the greatest trend to look at coming into Freaky Friday ASX trading IMHO but pls DYODD.
So A2M is being regarded rightly or wrongly as a risk laden stock, perhaps partly due to the CEO’s capers or the governance issues but who knows.
Media Updates, page-857
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Last
$5.59 |
Change
-0.060(1.06%) |
Mkt cap ! $4.041B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.68 | $5.58 | $14.79M | 2.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38098 | $5.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.62 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |