TWE - very strange price activity upon open the day prior to results coming out
This is one of the strangest sell offs at open I've seen for such a large cap company, in addition to gapping down from the prior close, the price then touched below $9.00 ( ~10% further down) briefly before nudging back up on what looked like small parcel order sizes.
Strange to say the least, and being the day prior to the Half Year results is interesting timing.
We did see a news story about knock off wine labels trying to emulate the Penfolds brand image, but that's been happening for years.
No news or company announcements at all at it's almost 6pm AEST, so today is pretty much over and done with
I know the Broker Valuations are widely spread for TWE, but this has the markings of a Sell At Market order (I hope intentially for that person if the case) all being dumped at Open.
It's probably got me very much being a sideline watcher until the results are out and digested by the analysts