Having read the qrt report with a fresh set of eyes I feel like my decision to sell out recently was just. It just seems that RAC are simply fumbling at the moment- little to no progress (and yes justified re patient recruitment etc) however and even with ground breaking results, I just can’t see the sentiment of the past 18 month downfall being broken anytime soon. I can see SP potentially being pushed towards ath but unless there is a sustained release of positive results I see this being about $2 in a years time. And just so I don’t sound like a pessimist- I do intend to get back to purchasing my RAC shares back, and hopefully some more in 12 months time when management have decided which direction to steer the ship.
RAC - Charts & Price Action, page-15447
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Last
$1.44 |
Change
0.040(2.86%) |
Mkt cap ! $245.3M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.49 | $1.41 | $101.7K | 69.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9216 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 7767 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |