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
$6.00 |
Change
0.060(1.01%) |
Mkt cap ! $9.776B |
Open | High | Low | Value | Volume |
$6.02 | $6.04 | $5.95 | $19.42M | 3.240M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14083 | $5.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.00 | 19975 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 29764 | 5.970 |
3 | 54975 | 5.960 |
4 | 36957 | 5.950 |
2 | 1967 | 5.940 |
3 | 18000 | 5.930 |
Price($) | Vol. | No. |
---|---|---|
6.010 | 5073 | 2 |
6.020 | 30720 | 6 |
6.030 | 80819 | 13 |
6.040 | 12126 | 4 |
6.050 | 51486 | 17 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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QAN (ASX) Chart |