Hi Hottod
I think the following explanation is the only thing that makes sense. I believe that Neu was in discussions with a big pharma behind closed doors and the price was dependent on the outcome of the phase 2 results. We then had over-exuberant buying after the first PMS result with a takeover in the wings. Discussions continued as the next 2 results were released and the price wasnt high enough for Neu board and so negotiations ceased. Industry insiders then sold and it has been perpetuated. Obviously this implies a leak of information which I am NOT suggesting came from NEU but likely from the other undisclosed company.
NEU chart, page-1902
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Last
$12.94 |
Change
-0.200(1.52%) |
Mkt cap ! $1.653B | |||
| Open | High | Low | Value | Volume |
| $13.03 | $13.06 | $12.75 | $7.500M | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2300 | $12.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.96 | 2086 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |