Apropos the various questions about why the SP is so low, Myer has been the plaything of short sellers for quite a while now. I think these players are negatively affecting the share price more than any tax loss selling or even institutional rebalancing. One reason I think this is that Myer often get hit late in the day; they hardly ever finish on their high, even on up days.
On a stock this size the market generally finds the true value eventually, and in the meantime the dividend is a nice compensation for the pain felt by long term holders.
Apropos the various questions about why the SP is so low, Myer...
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Last
82.5¢ |
Change
0.005(0.61%) |
Mkt cap ! $686.2M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 80.0¢ | $463.6K | 561.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26504 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 65000 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |