The selling could have been substantial holders like Quest Asset Partners or Australian Super who were obligated to sell down a portion of their holdings to de-risk due to the sudden drop. Could have been a cascade of stop losses. Could have been any number of things.
Time will tell I guess. It's easy to postulate that "somebody must know something I don't" but it could simply be just an old fashioned case of panic selling.
It happened with Afterpay when the ASIC article came out, people freaked, and the next day it bounced back.
Ann: CEO Resignation and Transition Arrangements, page-98
-
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.39 |
Change
-0.110(3.14%) |
Mkt cap ! $638.2M | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.61 | $3.37 | $12.59M | 3.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4125 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.39 | 9989 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CAT (ASX) Chart |
