RAC 1.94% $1.52 race oncology ltd

For those thinking this is sell off is all to do with RAC,...

  1. 358 Posts.
    lightbulb Created with Sketch. 808
    For those thinking this is sell off is all to do with RAC, here's a comparison chart of RAC and IMU over the last 3 months. I don't really follow or keep up with what's happening with IMU, but they're a different company, with different management and employees, have different products, with different treatment methods and MOA, in different stages of development, with different preclinical and clinical data, a different market cap, a different share price, different cash backing, have different trials running, different relationships with pharma, universities and hospitals, different news flow, and (I assume) have a largely different shareholder base... in fact, what do they have in common other than being a biotech listed on the ASX developing cancer treatments? Yet their price action is almost perfectly in sync.

    https://hotcopper.com.au/data/attachments/5374/5374656-419455783a25157c45e2e53f84b1a2f2.jpg
 
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Last
$1.52
Change
-0.030(1.94%)
Mkt cap ! $258.9M
Open High Low Value Volume
$1.57 $1.57 $1.50 $75.34K 49.79K

Buyers (Bids)

No. Vol. Price($)
1 300 $1.51
 

Sellers (Offers)

Price($) Vol. No.
$1.52 49256 1
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
RAC (ASX) Chart
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