City Share Price Movements (Week Ending 12.1.07)

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.

This past week there has been a small amount of activity in City shares but the majority of those trades have been shareholders selling shares. In particular, a sale of 27,929 shares was completed at 25p on 11 January. That is not a large amount of shares to sell but the price at which they were sold was a full 5p below the bid offer at the time, which would confirm the lack of interest in the shares at this present time.

If there continues to be no positive news over the coming weeks it is possible that the share price will continue to drift slowly back towards pre-takeover announcement levels.

This week:-
Finishing price (mid): 30p
Bid price: 28p
Offer price: 32p

Share price movement for the week:-
-3.5p

Volume:-
08/1 5,411
09/1 0
10/1 3,000
11/1 29,929
12/1 0

Total volume for the week: 38,340

All information taken from Plus Markets Group