I mean there is also the possibility that the algos are hunting stops and keeping the price down to gather more shares at this price.
If people keep selling here why not. We are still talking over a million bucks so far traded today, not inconsequential amounts.
Just a theory as with no actual experience I just try to puzzle out the motive for the behaviour.
Short data on WBT, page-474
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Last
$2.51 |
Change
0.030(1.21%) |
Mkt cap ! $474.1M | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.58 | $2.50 | $1.029M | 404.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1855 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 614 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |