So those institutional holders that have sold out due to their % being too high due to price increases will not buy back in do you think? I completely understand the logic behind your comment, and as bizarre as it seems for the price to decrease after a great ANN, it certainly makes sense why this could be the reason. Therefore, if your argument holds true, for the price to increase, shares must be purchased by retail, or new instos? And for new instos to buy, depending on the $ value of FUM, there will be certain price points which will need to be hit for them to become active, depending on their mandate I would imagine. Very interesting point you make @turbo and for me, it alleviates some of the frustration around a few of the companies I am invested in.
Share Price, page-10931
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Last
$20.54 |
Change
-0.140(0.68%) |
Mkt cap ! $2.590B | |||
| Open | High | Low | Value | Volume |
| $20.55 | $20.77 | $20.20 | $2.823M | 137.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 83 | $20.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.54 | 91 | 3 |
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| Last trade - 15.55pm 22/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |