I think it may be some larger holders wanting out. PRU has now underperformed for too long and the promised turnaround is a fair way off.
If the POG were to average at USD1250 over the next 3 months than PRU's cash balance would be wiped out and they would need to raise funds.
I will buy some shares at the current POG if it falls to around 42 cents. Gives a reasonable risk/reward proposition, unless you believe the POG will spike up after the FOMC meeting tonight.
loki
sp will rocket up 10-25% over the coming days!, page-25
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Last
$2.45 |
Change
0.000(0.00%) |
Mkt cap ! $3.366B | |||
| Open | High | Low | Value | Volume |
| $2.48 | $2.48 | $2.43 | $1.372M | 558.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 83153 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 52951 | 15 |
View Market Depth
| Last trade - 10.16am 10/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |