Could the Talbot group be unloading thier positon? Yesterdays price action smells of a big institution or investor unwinding from a large postion. The seller seems determined to unload shares every day regardless of what is going on. (stupid strategy, hurts themselves and everyone else) It doesn't appear as though there is wide spread selling (other than stops getting hit on the way down) Just trying to figure it out. After recieving approval to drill there should be no reason for continued weakness in the price. Conoco's split has no impact on that side of the business at all, so that is no consideration.
Could the Talbot group be unloading thier positon? Yesterdays...
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.523B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.88 | $8.431M | 4.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 57900 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 141847 | 6 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |