Because it's gone from 20c to $1.80 in the past 10 months.
Stocks do not go straight up on a nice neat diagonal trajectory for ever and ever.
They go through periods of consolidation, and breakout. New investors jump on, old ones jump off. Advance. Consolidation...
Maybe you chould spend a few minutes having a look at any chart on the ASX to see what I mean.
I think it ran ahead of itself a few weeks ago and needed some decent consolidation to remain in a healthy longer term uptrend. That is occurring, which is a very good long term sign.
SDG
why is the shareprice falling?, page-2
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Last
$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 211468 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 61323 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PRU (ASX) Chart |