CBA 1.05% $95.57 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
$95.57
Change
0.990(1.05%)
Mkt cap ! $169.5B
Open High Low Value Volume
$94.00 $95.57 $93.85 $321.7M 3.393M

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No. Vol. Price($)
1 10000 $95.30
 

Sellers (Offers)

Price($) Vol. No.
$95.57 2164 1
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Last trade - 16.10pm 12/05/2021 (20 minute delay) ?
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$95.26
  Change
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