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
$5.85 |
Change
-0.040(0.68%) |
Mkt cap ! $9.532B |
Open | High | Low | Value | Volume |
$5.84 | $5.91 | $5.84 | $38.05M | 6.494M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22710 | $5.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.86 | 26030 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4542 | 5.840 |
3 | 5800 | 5.830 |
5 | 10801 | 5.820 |
1 | 3000 | 5.810 |
4 | 8970 | 5.800 |
Price($) | Vol. | No. |
---|---|---|
5.870 | 625 | 1 |
5.880 | 3200 | 2 |
5.890 | 10267 | 2 |
5.900 | 290 | 1 |
5.910 | 4800 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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