I suspect it is more a case of in a world of near record stock valuations the hunt for value is king. If most stocks are seen at/near peak, it stands to reason, to me at least, that a company with potential value - even with increased risks - would attract attention. Especially when the likes of Bell Potter jump on-board (did they say $2.25 current value?).
I think AMP has a case to make that it is a multi-year investment which can - all things going right - build investor value over time. This is a difficult case to make for a number of other ASX200 stocks. Just my reading of the current action.
when will AMP HIT $3.00, page-38
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 (20min delay)
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Last
$1.10 |
Change
0.030(2.82%) |
Mkt cap ! $2.948B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.08 | $13.96M | 12.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 58307 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 40203 | 4 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.09 |
Change
0.030 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| $1.09 | $1.10 | $1.08 | 2478620 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| AMP (ASX) Chart |