FMG 0.93% $22.41 fortescue ltd

News: FMG Australian shares flat ahead of potential rate hikes, page-20

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    Instos buying and selling like this...

    Fortescue shares fly; big insto seen buying

    Apr 26, 2022 – 11.38am

    Goldman 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 link
    Sarah 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
$22.41
Change
-0.210(0.93%)
Mkt cap ! $68.99B
Open High Low Value Volume
$22.36 $22.61 $22.30 $82.59M 3.681M

Buyers (Bids)

No. Vol. Price($)
1 500 $22.40
 

Sellers (Offers)

Price($) Vol. No.
$22.42 11435 2
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
FMG (ASX) Chart
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