I was watching the closing price action very closely this afternoon.
I took a photo of the before and after post-market auction.
Over $10,200 worth of shares were traded after close and hence I conclude it is legitimate buying demand and not just a trader manipulating the closing price. If it was only 100-200 shares then I would be very suspicious. But $10k is a lot of $$$ to risk just to move the closing price, only for it to drop the next morning.
this makes sense with all the various media articles being distributed in various countries and languages. Maybe someone came across one of the articles and decided to start accumulating late this afternoon.
I predict a gap open tomorrow morning, as more and more people (internationally) read the RAC-COH news.
RAC - Charts & Price Action, page-16618
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Last
$1.82 |
Change
-0.005(0.27%) |
Mkt cap ! $309.9M | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.86 | $1.79 | $157.7K | 86.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5623 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |