Instos buying and selling like this...Fortescue shares fly; big insto seen buying
Apr 26, 2022 – 11.38amGoldman Sachs’s equity desk made an early claim to Tuesday’s biggest trade, handling a line of $215 million Fortescue shares.
A Fortescue train in WA’s Pilbara taking iron ore to port. Fortescue
The trade was understood to have been done at $19.95 a share, a 6 per cent discount to Friday’s close of $21.22 per share.
Fingers were pointing to Capital Group as the buyer, but the identity of the seller wasn’t known.
It comes as Fortescue shares slumped post a nearly 9 per cent drop in iron ore prices on Monday as COVID-19’s spread in China raised questions about demand from the country.
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Anthony Macdonald co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@copyright linkSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@copyright link
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B |
Open | High | Low | Value | Volume |
$20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2123 | $20.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.36 | 4581 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2123 | 20.340 |
4 | 22803 | 20.320 |
1 | 31103 | 20.310 |
7 | 27487 | 20.300 |
4 | 6862 | 20.290 |
Price($) | Vol. | No. |
---|---|---|
20.360 | 4581 | 2 |
20.370 | 874 | 2 |
20.390 | 300 | 1 |
20.410 | 1000 | 1 |
20.420 | 10 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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