CBA 1.33% $79.60 commonwealth bank of australia.

abn-amro: what happens when a ceo sells shares?

  1. 635 Posts.
    From Egoli Warrants: CPH sells Zurich JV, MIG, CBA, CML & the US stock market +20%
    Date: Tue, 3 Dec 2002 10:35:53 +1100


    ABN-AMRO found another reason for a CBA trading SELL today. Normally don't bother rehashing morning media comments, but this was noteworthy. Fairfax media running with a story today about David Murray flogging CBA shares.

    + CBA
    I struggle to find reasons to buy this stock at the moment (I much prefer NAB, with their multi-billion dollar big buyback to support to the stock if it gets absolutely belted). Found another reason for a trading SELL today. Normally don’t bother rehashing morning media comments, but this was noteworthy. Fairfax media running with a story today about David Murray flogging CBA shares. Without going into too much detail (I think what he made is irrelevant: the fact he flogged that many at where the shareprice is now speaks volumes), a CBA spokesperson came out and had the gaul to suggest that selling shares where they trade now actually is a positive for the stock. What the? I admire spin-doctors. They have the ability to turn a something absolutely pear-shaped into a positive event. In case you miss my point: SELL it into any strength. Risk is the downside here.

    + For the NAB Bulls: NABWZF (Dec, $34, CALL) DELTA 8
    Very good volume, very good spread…
    + For the (high leverage) Bulls: NABIZD (Jan, $28) DELTA 94
    + For the CBA Bears: CBAWZS (Jan, $29, PUT) DELTA -17

 
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Last
$79.60
Change
-1.070(1.33%)
Mkt cap ! $142.8B
Open High Low Value Volume
$80.10 $80.30 $79.13 $235.1M 2.956M

Buyers (Bids)

No. Vol. Price($)
1 3208 $79.52
 

Sellers (Offers)

Price($) Vol. No.
$79.60 12523 4
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Last trade - 16.10pm 20/11/2019 (20 minute delay) ?
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Last
$79.47
  Change
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Open High Low Volume
$80.14 $80.29 $79.14 531083
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