Global investment giant snaps up Boohoo shares to become second largest backer19 Oct 2022 10:08
Jon Robinson - 18 Oct 2022
A global investment giant has become the second largest shareholder in Boohoo after it snapped up shares in the Manchester-headquartered fashion group.
JP Morgan has acquired a 5.1% stake in the group, according to newly-filed documents with the London Stock Exchange. The move means it is now the largest institutional investor in the group.
T. Rowe Price International is now the third largest investor, having slashed its stake from 9.7% to 5% in August.
BacchusII, true & the money raised is almost equivalent to the current MCap….madness! As I mentioned yesterday, the sp is consolidating at this level and should climb back up from here soon
Some one has been manipulating the share price recently to load up on the cheap
# Trades 2,323
Vol. Sold 839,851 Sold Value £860,354.68
Vol. Bought 1,035,359 Bought Value £1,060,920.15
Looking at the tech chart, the share price is consolidating at this level and will start the climb back up very soon, they cant keep a lid on it for much longer
The buying pressure is unreal, it is certainly not PIs buying !! The shareprice should climb back to mid/high teens in the afternoon once the US market opens