The yesterday movement to me looked like a deliberate push downwards, possibly to shake out retail investors. I've seen many times that before a price fly, there's usually this series of events:
1. a director buys shares (in PEN's case, the CEO opted to be rewarded in shares),
2. a few weeks after, the SP decline considerably when the broad market is green (yesterday movement)
Similarly, before a price sink to a rock bottom, I've seen the opposite events occurred. The stock market is full of dirty plays. Only the patience thrives.
The yesterday movement to me looked like a deliberate push...
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $211.7M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $936.5K | 8.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 3102990 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 123567 | 7 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
10.3¢ |
Change
-0.010 ( 4.03 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 10.8¢ | 10.3¢ | 4357051 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| PEN (ASX) Chart |