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.
The selling could have been substantial holders like Quest Asset...
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Last
$3.50 |
Change
0.010(0.29%) |
Mkt cap ! $638.2M | |||
| Open | High | Low | Value | Volume |
| $3.49 | $3.60 | $3.42 | $4.089M | 1.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4772 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 2362 | 1 |
View Market Depth
| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| CAT (ASX) Chart |
