Looks like someone REALLY wants out before ex-dividend date. Down ~17% over a week and the way things look we should see sub $2 after ex-div. I don't think PNC's SP deserves that. But clearly, the market is not convinced about the earnings guidance being met and the accounting issues have been resolved.
Personally, I am still bullish and believe the SP should be north of $3 based on fundamentals. But given the negative sentiment and risks implied by the selling pressure, I'm also considering reducing my position if we see a rebound later in the year. What do other long term holders think?
Looks like someone REALLY wants out before ex-dividend date....
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Last
63.0¢ |
Change
0.005(0.80%) |
Mkt cap ! $73.69M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 63.0¢ | 60.0¢ | $83.21K | 138.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36360 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 17835 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PNC (ASX) Chart |
