Why is Raconteur Global falling/rising?
As of 23-Sep, Raconteur Global Resources Ltd is facing a significant decline in its stock price, currently at 12.83, with a 44.22% drop over the past year. The stock has underperformed its sector and shows reduced trading activity, indicating substantial challenges in the current market environment.
As of 23-Sep, Raconteur Global Resources Ltd is experiencing a decline in its stock price, currently at 12.83, which reflects a decrease of 0.67 or 4.96%. The stock has underperformed its sector by 8.12% today, and it has shown erratic trading patterns, not trading on 4 out of the last 20 days. In terms of returns, the stock has decreased by 3.17% over the past week and 3.24% over the past month, while it has significantly underperformed over the longer term, with a 44.22% drop over the past year and a 54.01% decline over the past three years. The delivery volume has also fallen by 37.5% against the 5-day average, indicating a decrease in investor participation, which could further contribute to the stock's downward movement.In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week and a modest gain of 0.98% over the past month, suggesting that the market is relatively stable compared to Raconteur Global's performance. The film production, distribution, and entertainment sector has gained by 3.19%, contrasting with Raconteur's struggles, highlighting the company's specific challenges rather than a broader market issue. Overall, the combination of poor short-term performance, reduced trading activity, and a lack of positive factors suggests that Raconteur Global is facing significant headwinds in the current market environment.
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