I would put the sell off down to news out of China of competition to COH :
http://www.finnewsnetwork.com.au/archives/finance_news_network24269.html
and also technical, with an important support level around $60.00 - $60.50 being broken.
Not aware of any brokerage downgrades yet but that could still come.
why is cochlear hammered today?, page-3
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 (20min delay)
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Last
$328.00 |
Change
1.520(0.47%) |
Mkt cap ! $21.48B | |||
| Open | High | Low | Value | Volume |
| $328.00 | $330.90 | $326.02 | $33.83M | 103.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 59 | $327.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $328.15 | 113 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| COH (ASX) Chart |