I wouldn't be concerned, stock like this which is lightly traded will be subject to big fluctuations. With no announcement out of DDR (which it is required to do), I would say the majority are profit takers and panic sellers. If you check the graph it is consistent with previous drops and it has always recovered, the question is a matter of when the sellers stop moving on their sell price. Ive seen it before with other companies, who recovered shortly after, and this company has a stronger position than those. I would say 2.97 is fair value once the $0.044 ($0.0572) is announced.
Happy hunting and all IMO off course
I wouldn't be concerned, stock like this which is lightly traded...
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Last
$9.12 |
Change
-0.170(1.83%) |
Mkt cap ! $1.646B | |||
| Open | High | Low | Value | Volume |
| $9.23 | $9.24 | $9.09 | $1.318M | 144.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1454 | $9.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.13 | 511 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| DDR (ASX) Chart |