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
$13.81 |
Change
0.060(0.44%) |
Mkt cap ! $1.765B |
Open | High | Low | Value | Volume |
$13.85 | $14.08 | $13.46 | $6.963M | 507.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3724 | $13.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.84 | 2087 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3724 | 13.690 |
1 | 2087 | 13.670 |
2 | 6767 | 13.650 |
1 | 1752 | 13.630 |
1 | 2087 | 13.620 |
Price($) | Vol. | No. |
---|---|---|
13.840 | 2087 | 1 |
13.870 | 2087 | 1 |
13.890 | 2087 | 1 |
13.920 | 2087 | 1 |
13.980 | 500 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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NEU (ASX) Chart |