Would not be too surprised if it's the index removal playbook. It's an almost surefire thing every time a company nears removal it just gets hammered down till it's MC average for the period of time is sustained below the 230s, then the company gets removed and as funds sell out by default the price traces lower. Considering that index rebalancing is not that far off if PNV doesn't release a decent result/guidance it's almost easy money to short it and close out the shorts during the period of underperformance or close out positions on the day of rebalancing via cross trade.
Would not be too surprised if it's the index removal playbook....
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Last
$2.36 |
Change
0.020(0.85%) |
Mkt cap ! $1.628B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.40 | $2.33 | $1.160M | 491.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5181 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 1873 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PNV (ASX) Chart |