As an impartial observer, I can't quite understand the market on APT this morning. It should be linked to .375 of the Block Inc. price after currency conversion. i.e. (133.29 USD / 0.72) * 0.375 = 69.42 AUD
I understand that the market might be predicting a fall in Block Inc., but that is contrary to the fact that the market is predicting the NASDAQ will rise when NYSE opens, therefore it is likely that Block Inc will also rise. Given that shareholders are guaranteed a price based on Block Inc, and the current market would suggest Block Inc rises when it opens, why are shareholders selling out for less?
I would have expected less volatility in APT price movements since the deal with Block Inc was approved.
APT Price at posting:
$68.53 Sentiment: Hold Disclosure: Not Held
