KGN 0.44% $4.49 kogan.com ltd

What is happening to KGN's share prices in the last week?

  1. 483 Posts.
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    Hi All,


    I've been following KGN for a few months. It seems to follow Dow Jones index closely. However in the last 5 trading sessions, the Dow index has gone up every day, yet KGN has dropped nearly every day during the last 5 sessions. Furthermore, I realised in the past, it has dropped suddenly but yet in the course of the day, it will still spike up high and so for traders it can be a sign for taking profits. But this did not happen in the last 5 trading sessions.


    Furthermore, normally, the spread between buy and sell could be a few cents with small buy and sell volume before the last 5 sessions. However, in the last couple of days, the spread is 0.01 cent with lots of sellers at each level. Something has changed dramatically in the last 5 sessions but I don't know what causes it since there are no announcements apart from today. Today's announcement I thought was positive for KGN as Blackrock has accumulated 5% of KGN, yet the shares opened 0.02 below yesterday's price and continued to drift lower throughout the day. Does anyone have a good explanation of what is happening to KGN during the last 5 sessions and what their views are on the direction of the share prices in the next week?


    Disappointed,

    Isdhope

 
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Last
$4.49
Change
-0.020(0.44%)
Mkt cap ! $451.7M
Open High Low Value Volume
$4.52 $4.61 $4.45 $2.516M 556.4K

Buyers (Bids)

No. Vol. Price($)
2 1519 $4.48
 

Sellers (Offers)

Price($) Vol. No.
$4.51 1656 1
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
KGN (ASX) Chart
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