I think that today's drop is due to 2 factors.
1. It has gone ex-div
2. The remaining 30 million shares held by Sprusons principals is now able to be sold since the half year report was issued.
So, you have a lot of Sprusons principals looking to offload stock after it goes ex-div, which is flooding the market with volume more so than normal when a stock goes ex-div - it's those two factors combined.
The good news is that this should be a temporary adjustment and there are no more Sprusons shares held in escrow. So hopefully upwards from here.
I think that today's drop is due to 2 factors. 1. It has gone...
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Last
$5.13 |
Change
-0.010(0.19%) |
Mkt cap ! $1.578B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.19 | $5.13 | $323.2K | 62.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8535 | $5.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.13 | 5301 | 16 |
View Market Depth
| Last trade - 11.19am 22/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
