Hedge Fund Liquidation To Hit Qantas - Traders
2343 GMT [Dow Jones] Hedge fund liquidation will hit Qantas (QAN) shares today,
possibly resulting in drop below A$5.00, after APA failed to get 50% acceptances by
Friday deadline. Senior institutional trader cites Sydney Morning Herald article claiming
foreign ownership is about 65% vs 49% limit: "The big point is going to be that
foreign ownership is well above 49% cap. Foreigners who were last to buy Qantas will be
the first to sell." Says hedge fund selldown could cause drop below A$5.00, with
local institutional buyers likely to wait. "Hedge funds are going to be put on the
barbeque." QAN last A$5.38. (DWR)
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Last
$5.92 |
Change
-0.100(1.66%) |
Mkt cap ! $9.646B |
Open | High | Low | Value | Volume |
$5.95 | $5.96 | $5.85 | $28.86M | 4.883M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16048 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.95 | 41721 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16048 | 5.920 |
6 | 24483 | 5.910 |
8 | 79457 | 5.900 |
2 | 42278 | 5.890 |
9 | 173623 | 5.880 |
Price($) | Vol. | No. |
---|---|---|
5.950 | 41721 | 9 |
5.960 | 33286 | 3 |
5.970 | 11133 | 3 |
5.980 | 5000 | 1 |
5.990 | 2001 | 2 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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