City Share Price Movements (Week Ending 22.12.06)
This is the weekly article charting Manchester City Plc's share price movements during the last week. The price doesn't usually move very much and not many shares are usually traded, so you can pick up here at the end of each week our summary of the week gone by.
With news that talks are taking place that may lead to new investment into the club now two weeks old and no announcements since then, share activity has returned to pre-announcement levels.
This past week there has been one purchase of 184 shares and three sales totalling 9,728 shares. The interesting statistic is the last sale which was concluded today at 32p being below the official bid price. This could indicate that there is no real interest in the shares at the moment especially whilst news on the progress of the talks is not forthcoming.
If there is no positive news over the coming weeks it is possible that the share price will start to drift slowly back towards pre-announcement levels.
Finishing price (mid): 35.5p
Bid price: 33p
Offer price: 38p
Share price movement for the week:-
Total volume for the week: 9,912
All information taken from Plus Markets Group