NEU 0.15% $13.13 neuren pharmaceuticals limited

Hi @TorbreckI don't subscribe to this rebalancing theory for the...

  1. 1,554 Posts.
    lightbulb Created with Sketch. 165
    Hi @Torbreck

    I don't subscribe to this rebalancing theory for the Neuren activity last Friday after close,
    1. Unless I missed it, NEU didn't move in the March rebalancing, so there was no need for any of the fund manages to include it in their portfolios.
    2. For that much volume to go through with a relatively small change in the share price, It had to have been a prearrange.

    You don't just rock up at 4pm to buy $40m shares and hope there's a seller who has a few million share to sell at the market price.
    I'm far from expert so help me out here, have I missed something?

    Cheers
    Muz
 
watchlist Created with Sketch. Add NEU (ASX) to my watchlist
(20min delay)
Last
$13.13
Change
0.020(0.15%)
Mkt cap ! $1.678B
Open High Low Value Volume
$13.20 $13.44 $13.07 $5.021M 378.7K

Buyers (Bids)

No. Vol. Price($)
4 11501 $13.12
 

Sellers (Offers)

Price($) Vol. No.
$13.18 1539 1
View Market Depth
Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
NEU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.