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Why the sudden and dramatic drop?
I have a very modest shareholding in International Power. This morning has seen their share price drop by a massive 20% + Does anyone know why?
2 Answers
- ?Lv 71 decade agoFavorite Answer
Ex., today, the special dividend of 92pence per share (payable 25th Feb).
Shares down 85p so they have really gone up 7p!!
Source(s): http://www.shareworld.co.uk/ - Common SenseLv 71 decade ago
I don't see a price drop. Perhaps the bid/offer on your platform is what your seeing pre-market. This is a pink sheet stock. The average trading volume is under 15,000 shares a day. You have to be a highly knowledgeable trader or a total novice to be involved with a stock like this.
I've been investing/trading for over 35+ years. Generally I won't trade stocks under 500,000 average shares a day. On a very rare occasion, I'll go to 300,000 shares. But 15,000 thats nuts. one stupid trader could drop this stock in a heart beat by 20% or more. That's way too dangerous for most knowledgeable investors.
