It is most likely a whole swag of stop losses and margin calls were triggered. Yes it maybe a little oversold but could it go lower. Active investors/traders have had time to read the announcement but when people come home from work tonight and look at their holdings in FLT they are going to get a shock. We could see some more selling as investors adjust their portfolios. On the positive side FLT said oversees operations are going good but Australia consumer spending towards this sector is toast now!
FLT - Shed some light, page-37
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 (20min delay)
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Last
$17.00 |
Change
0.020(0.12%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.18 | $16.98 | $18.14M | 1.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6735 | $17.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.01 | 75 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
