Well a drop in RIO was expected when the takeover got canned - when BHP announced the plan, BHP went down, RIO went up.
Must admit - 40% is pretty extreme but in a jittery market that's what happens I guess.
What was RIOs price before BHP's offer? Around $100?
So using some simple maths:
- BHP recently hit 2/5 of it's peak ($20/$50)
- RIO therefore is due to hit 2/5 of it's peak prior to the offer ... e.g. $40 (2/5 of $100).
Well a drop in RIO was expected when the takeover got canned -...
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Last
$120.00 |
Change
-1.540(1.27%) |
Mkt cap ! $44.67B | |||
| Open | High | Low | Value | Volume |
| $120.56 | $120.69 | $119.77 | $95.64M | 789.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $119.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.02 | 28 | 5 |
View Market Depth
| Last trade - 12.56pm 28/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |