PSC Insurance Group Limited

ASX:PSI
Deleted on 2024-10-17 00:30:05

PSC Insurance Group Limited

ASX:PSI
Deleted on 2024-10-17 00:30:05
$6.18 (0%)
Last close price
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Rank
1
Held by
8
Followers
Reports (1) My Report Forum Investors
Forum Topics PSI PSI Trading

Pinned straw:
Mujo
Added 3 years ago

Drop on large volume, i wonder whether there is bad news coming, people hedging ENA shares for the scheme or just a fundie getting out.

PinchOfSalt
Added 2 years ago

Could have been an ENA holder short selling to avoid depressing the price when they get PSC stock.

Actually, ENA holders doid't really have downside but since there is new stock coming on the market held by people that didn't really want PSC, there will be an overhang.

Last price of $4.43 (11th Dec) is up off the recent low of $4.30 so the selling pressure may have abated.

6
Solvetheriddle
Added 2 years ago

My read on this is ENA shareholders selling out of PSI, driving the PSI share price lower. PSI is ordinarily a low volume stock, there has been a pick up in vols, im certainly using the recent drop to add to my exposure as, if that theory is correct, it is usually one of the safest ways to increase exposure. imo

8