Hey folks, have seen a few comments about the buy-back (BB) that I think is worth clearing up.
On-market BBs have strong regulations due to insider trading & market manipulation laws. As such, they are highly structured & automated using specific computer algos designed to target ~10% of daily liquidity at VWAP. This is to prevent companies manipulating SPs around time-sensitive events to achieve director performance bonuses etc.
Unfortunately, there is no BB boy sitting at his intern desk eating a burger & manually entering in orders to make use of the SP weakness!
However, the fact it's a high volume red day is definitely a positive for the BB. Cheers.
Target $18.72, page-113
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 (20min delay)
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Last
$7.45 |
Change
-0.075(1.00%) |
Mkt cap ! $6.236B | |||
| Open | High | Low | Value | Volume |
| $7.58 | $7.58 | $7.44 | $7.655M | 1.026M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 130 | $7.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.45 | 25647 | 9 |
View Market Depth
| Last trade - 10.56am 16/05/2024 (20 minute delay) ? |
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Last
$7.46 |
Change
-0.075 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $7.58 | $7.58 | $7.44 | 331254 | ||
| Last updated 11.16am 16/05/2024 ? | |||||
| WHC (ASX) Chart |