Some funds are restricted to the amount of shares they can hold in each index, however AAC has been sold down or shorted ever since the CEO left/ results released.
The bump up was most likely driven by the buyout rumours & now that has lost momentum the sp is falling again.
Short of an actual offer this share needs some news to change direction.
AAC - support found, indicators lining up, page-19
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 (20min delay)
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Last
$1.38 |
Change
-0.010(0.72%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.37 | $269.6K | 195.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 88550 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 9979 | 1 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
