Most of the Largest shareholders in WorleyParsons are either directors or senior managers who received their shares prior to the IPO. WorleyParsons policy prohibits its staff trading in WOR shares outside a one month window which follows either the interim or final profit results.
Hence while the share price has been climbing over the past 5-6 months these large shareholders have not been able to sell their shares. Post the announcement on the 29th the window for trading has opened and it is my theory that the initial downward pressure on the share price has been as a result of these guys lightening their holdings.
Could be a good time to buy!!
theory
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Last
$14.71 |
Change
0.180(1.24%) |
Mkt cap ! $7.760B | |||
| Open | High | Low | Value | Volume |
| $14.45 | $14.71 | $14.40 | $48.19M | 3.299M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1444 | $14.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.71 | 27490 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| WOR (ASX) Chart |