One thing for sure in the past week, the AIRASIA stock has been moving upwards in a positive trend. Well things were a bit down on Monday, 7 September 2015 but things quickly picked up from Tuesday onwards till Friday.
AIRASIA opened on Monday at 0.935 and closed on Friday at 1.250. That's a whooping 31.5 cents increase in the stock price! That increase itself was 33% of it's original share price. I managed to capture the movement of the share daily except for Monday, 8 September 2015. Apologies for not having the full and complete week.
AIRASIA on Tuesday, 8 September 2015
AIRASIA on Wednesday, 9 September 2015
AIRASIA on Thursday, 10 September 2015
AIRASIA on Friday, 11 September 2015
So what's with the increase and price jump for the share. Well there could be a couple of factors which are the investors are once again interested in this share, the share price has fallen well below its value thus it will bounce back up as investors find it an opportunity to gain from it, steep purchases from the WELLINGTON MANAGEMENT GROUP & EMPLOYEES PROVIDENT FUND BOARD and in general there is the trend followers so when they see the share price going up they tend to follow and buy too.
# Wellington Management Company is a private, independent investment management company. Want to know more, click here to read from Wikipedia.
In my opinion, I do feel that the share price at 0.935 was well below market value of what AirAsia is worth for sure. The 52 weeks price for the share is from 0.780 to 2.940. At the current market price of 1.250, it is still way below what the share price would be. I would say the AirAsia share price should be within the 1.500 till 1.800 based on the economy, the market today and other external factors. The magic question would be will it be a good time to invest in this company? I would personally say YES to that but as usual, do invest with caution. Time to pick up some stocks when the market resumes on Monday. Happy Trading!
