I wonder when the inflection point might come.
NEU is taking around $1m of "half-price" shares out of action (on average) every day.
Those shares are being offered by (substantially) institutions who know that they are offering them for less than their value. That only works while they are flushing out impatient or stressed sellers.
It will be interesting to see if those still holding those 5m short positions have the ticker to let the FDA meeting come and go.
Crunch time coming in the next 4 weeks (hopefully).
I wonder when the inflection point might come.NEU is taking...
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Last
$17.03 |
Change
-0.260(1.50%) |
Mkt cap ! $2.190B | |||
| Open | High | Low | Value | Volume |
| $17.08 | $17.67 | $16.97 | $2.861M | 164.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 411 | $17.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.04 | 74 | 2 |
View Market Depth
| Last trade - 11.30am 01/08/2025 (20 minute delay) ? |
| NEU (ASX) Chart |