Why is Raconteur Global falling/rising?
As of 12-Sep, Raconteur Global Resources Ltd's stock price is flat at 13.25, with a significant decline of 43.38% over the past year and a decrease in trading volume by 33.33%. The stock is underperforming compared to the sector and broader market, indicating cautious investor sentiment.
As of 12-Sep, Raconteur Global Resources Ltd's stock price is currently flat at 13.25, with no change (0.00%). The stock has shown erratic trading patterns, having not traded on one day out of the last twenty. Additionally, the stock's delivery volume has decreased by 33.33% compared to the five-day average, indicating falling investor participation. In terms of performance, the stock has underperformed the sector today by 0.98%. Over the past year, it has experienced a significant decline of 43.38%, while year-to-date it has gained 14.22%. However, it is currently trading higher than the 100-day moving average but lower than the 5-day, 20-day, 50-day, and 200-day moving averages.In the broader market context, the Sensex has increased by 1.48% over the past week, while Raconteur Global has decreased by 1.49%, indicating that the stock is lagging behind the benchmark. Over the past month, the Sensex has risen by 2.08%, contrasting with Raconteur's flat performance. This underperformance relative to the benchmark suggests that investor sentiment may be cautious regarding Raconteur Global, particularly given its erratic trading and declining participation. Overall, the stock's recent movement reflects a combination of weak trading activity and significant historical declines compared to both the sector and the broader market.
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