The people selling will be short traders and and day traders/short term traders who have set stop losses that have been triggered by professionals dumping the stock. And a few retail holders panicked by the rapid fall.
But yes, once it reaches a stable price it should be good buying again.
Short Activity in PNV, page-6761
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 (20min delay)
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Last
$2.26 |
Change
-0.030(1.31%) |
Mkt cap ! $1.559B | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.30 | $2.23 | $3.315M | 1.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9832 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 8467 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$2.26 |
Change
-0.030 ( 1.68 %) |
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| Open | High | Low | Volume | ||
| $2.28 | $2.30 | $2.23 | 338148 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| PNV (ASX) Chart |