firms will actively sell a stock to depres the sp if they are looking to take a major position or even take over the company for a client... its done so the purchasing party pays a low entry figure, and even if they lose money selling the stock, they gain a position at a cheaper overall price...
but no one has taken a position in lynas... it would be disclosed to the market..
time will tell if anyone is looking to take the company over, but I doubt its about to happen anytime soon... maybe when lynas is up an running smoothly a suitor may be interested...
lots of tangible reasons why the sp is struggling... manipulation is a bit far fetched...
firms will actively sell a stock to depres the sp if they are...
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Last
$5.95 |
Change
-0.110(1.82%) |
Mkt cap ! $5.566B | |||
| Open | High | Low | Value | Volume |
| $5.97 | $5.98 | $5.90 | $9.181M | 1.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 23641 | $5.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.96 | 13104 | 30 |
View Market Depth
| Last trade - 14.01pm 26/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |