Seems I need to repeat myself. Meso dropped on Friday to match the MSB close, including adjusting for changing exchange rates, then dropped only a small amount more.
MSB close was $3.11, and the day low was $3.09. Meso closed at $10.90, and after hours trading was almost nonexistent, with a few shares changing hands at $10.95. If there was high volume after hours at much lower prices, then yeah, I would call that ominous.
Right now the current exchange rate is 1 AUD = 0.707931 USD. At that rate, $10.95 for Meso is $3.09 for MSB, or 0.64 percent below Friday's MSB close.
I made things seem more ominous before really looking at these numbers, but that was due to frustration that MSB seemed to be dragging Meso down. Not sure what was pulling MSB down over the last week, after the post-CRL price had been fairly stable, but the Meso action over the last few days was just arbitrage catching up. I suppose the MSB drop could be a nervous market reaction to the abundance of press about frivolous lawsuits, but American investors are used to this crap and that is probably why they were resisting the downward pull of MSB.
Seems I need to repeat myself. Meso dropped on Friday to match...
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Last
$1.10 |
Change
0.000(0.00%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.08 | $5.380M | 4.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 69437 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 19999 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |