Gulf Keystone for 22/09/2020

#Brent #SP500 Like many in the oil industry, GKP have not experienced a good pandemic. We fear things are about to get worse for the share price, trading around 71p at time of writing. Or, to be fair, 0.71p thanks to a 100:1 share split back in 2016 with a movement which completely failed its attempt to make the share price sound more respectable!

The immediate situation is fairly brutal with weakness below 70p calculating with the potential of reversals to an initial 60p.

 

It’s at this price level where things get quite scary, even more alarming than the criticism which (used) to be received from the gang of bullies who used to “talk up” Gulf Keystones share price in internet chat rooms. Disagreeing with their narrative would generate complaints, threats of boycotts, letters to editors, and some fantasy conspiracy theories.  Thankfully, this grouping appears to have emigrated to pastures new, hopefully learning the lesson that gravity exists, regardless of their opinions. Unfortunately, their enthusiastic support for a failing share price doubtless has trapped substantial numbers of naive investors, folk who once believed internet forums could be trusted.

 

Our concern above the 60p level comes, should the price close below this level. In such a case, we’ve two quite distinct scenario with each providing exactly the same “bottom” target for this share price. When this sort of thing happens, we tend pay quite a lot of attention as the drop target tends prove correct, ideally along with a rebound when the target is achieved.

In the case of GKP, closure below this level works out with a bottom potential at 25p, a price level which should prove useful to those awaiting the worst.

 

At present, Gulf Keystone needs exceed 81p simply to exceed the downtrend formed since the Coronavirus dip in March of this year. Such a miracle calculates with an initial recovery target at 90p with secondary, if exceeded, a visually pleasing 98p. This challenges the highs since Covid-19 hit but more importantly, also takes the price above a downtrend which dates back 4 years. Closure above 98p shall, we feel, prove game changing for GKP’s recovery prospects.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:18:48PM BRENT 42.18 41.37 41.05 40.8 42.02 42.24 42.51 42.67 41.54 Success
10:21:26PM GOLD 1913.05 Success
10:36:10PM FTSE 5834
10:39:26PM FRANCE 4827.5 Success
10:42:24PM GERMANY 12635
10:44:46PM US500 3280.32 3256 3227 3106 3291 3290 3306.5 3333 3255 Success
10:49:08PM DOW 27143 Success
10:51:15PM NASDAQ 10983 ‘cess
10:54:06PM JAPAN 22900

 

21/09/2020 FTSE Closed at 5804 points. Change of -3.38%. Total value traded through LSE was: £ 5,288,811,181 a change of -43.99%
18/09/2020 FTSE Closed at 6007 points. Change of -0.69%. Total value traded through LSE was: £ 9,442,217,884 a change of 120.95%
17/09/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: £ 4,273,425,233 a change of -23.19%
16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%

 

Outlook Updated Today.

 LSE:AFC AFC Energy** **LSE:AGM Applied Graphene** **LSE:BARC Barclays** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:CASP Caspian** **LSE:CPI Capita** **LSE:DDDD 4D Pharma** **LSE:EMG MAN** **LSE:EZJ EasyJet** **LSE:FRES Fresnillo** **LSE:GKP Gulf Keystone** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:LLOY Lloyds Grp.** **LSE:NG. National Glug** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:RR. Rolls Royce** **LSE:STAN Standard Chartered** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **

NatWest PLC for 21/09/2020

#Gold #Dax As mentioned on Friday, we think the UK banking sector is almost at a logical bottom, the point where some sort of rebound can be hoped. In the case of #NatWest, this now translates to a share price drop potential around the 94p level. But only if we apply share price movements since the March Covid-19 drop. If we opt to zoom out and search for further reasons to be miserable, our secondary drop potential stinks.

The immediate situation is fairly straightforward.

 

Weakness next below 96.6 risks promoting reversal down to 94p next but unfortunately, thanks to a couple of price manipulation gaps in the last few months, this number could extend down to 90p. We’d hope for a rebound in the 90’s, if only due to the historical low of RBS share price back in 2009 when it bottomed at 9.8p during the last stock market crash. Of course, 9.8p translates as 98p thanks to the share price experiencing 10:1 consolidation. However, it’s worth remembering, if we adjust Friday closing price of 96.88p, the share is already below its prior all time low as the share is really at 9.688p.

Our calculations allow a secondary, should the 90p level break, at 70p and a price level where we’d hope for a real bounce. In fact, ideally we’d hope for a rebound to occur somewhere between the two drop levels as this will imply some residual strength in the share price. Natwest is not a happy share at present.

 

For any miracles to occur, Natwest needs trade above 101p to ideally enter a cycle to an initial 110p. If exceeded, our secondary calculates at 121p.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
2:26:37PM BRENT 43.46 ‘cess
2:38:46PM GOLD 1950.86 1944 1935 1922 1956 1960 1967.5 1979 1948 Success
2:41:20PM FTSE 6003.5 ‘cess
2:45:07PM FRANCE 4970 Success
3:11:57PM GERMANY 13158 13096 13032.5 12954 13151 13158 13183 13226 13103 Shambles
2:06:40PM US500 3326.59 Shambles
2:10:01PM DOW 27721 ‘cess
2:14:12PM NASDAQ 10957
2:20:10PM JAPAN 23209

18/09/2020 FTSE Closed at 6007 points. Change of -0.69%. Total value traded through LSE was: £ 9,442,217,884 a change of 120.95%
17/09/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: £ 4,273,425,233 a change of -23.19%
16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%

FTSE for FRIDAY & The Banking Sector (Maybe important!) for 18/09/2020

#FTSE #Nasdaq When we last reviewed the Banks Index, we provided an argument favouring 1,896 as “bottom”. It hit this level today, 17th Sept, and has rebounded a bit. Unfortunately (as always) we have a couple of concerns worth mentioning before anyone goes ‘all out’ on one of the retail banks.

On the day the Banks Index reversed and achieved our Big Picture drop target level, it also broke target quite marginally, hitting 1895.37 points before bouncing. Normally we’d tend shrug off a target level exceeded by 0.63 points as it’s minimal and probably a calibration error. Alas, there’s a sodding great HOWEVER which dare not be forgotten. Both Barclays and NatWest managed to breach pretty important numbers, each share slithering below  the crucial 100p level during Thursdays trade. While neither share closed the day below this psychological level, the message was sent of 100p no longer being sacrosanct for either bank share price, creating a situation where we shall not be surprised to witness further reversals on these two major components of the sector.

About the best we can hope is for the 94p level, curiously an identical possible bounce level for each bank, shall be honoured in the days ahead. If this share price level fails to provide a trampoline effect, it becomes pretty certain our ‘Post Covid-19 Drop’ computation of 1730 shall provide the proper bounce level for the banking sector.

Confused? You should try writing this stuff!

Hey, chart goes here

FTSE for FRIDAY (FTSE:UKX) On Thursday 17th, the FTSE experienced some really strange movements and closed the session at 6062 points. We shall be quite interested, if the index manages above 6085 points as this will suggest some coming recovery to an initial 6120 points. If exceeded, our secondary calculation works out at a less confident looking 6145 points. Should this scenario trigger, the tightest stop loss level looks like 6045 points, a number which appears sensible in the risk/reward stakes.

Importantly, in the event of the above coming to fruition, we shall anticipate further movement in the week ahead, ideally almost attempting the 6400 level!

 

Of course, there’s a potential flip side to the argument. We’d have concerns if the FTSE finds an excuse to wander below the 6019 level as reversal to 5983 is expected. If broken, secondary calculates at 5956 points and hopefully a bounce.

 

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:59:34PM BRENT 43.67 42.9 42.58 43.7 43.84 44.13 43.3 ‘cess
10:01:43PM GOLD 1944 1941 1934 1950 1949 1953 1942 Success
10:04:14PM FTSE 6045 6019 5979 6059 6059 6068.5 6020 Shambles
10:32:15PM FRANCE 5042.5 5015 4999.5 5048 5055 5076.5 5027 Success
10:34:38PM GERMANY 13226 13095 13028.5 13203 13255 13287.5 13156
10:36:09PM US500 3356.17 3319 3302 3364 3365 3377.5 3328 Success
10:38:35PM DOW 27910.7 27674 27493.5 27844 28062 28260.5 27800 Success
10:40:42PM NASDAQ 11078 10915 10657 11190 11196 11318.5 11018 Success
10:42:26PM JAPAN 23322 23263 23204.5 23359 23367 23396 23268 Success

 

17/09/2020 FTSE Closed at 6049 points. Change of -0.48%. Total value traded through LSE was: £ 4,273,425,233 a change of -23.19%
16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%

Nikola Corp for 17/09/2020

#Gold #WallSt It made sense, since his surname had been nicked, someone would use #Nikola Tesla’s forename for an electric vehicle company. In this case, the product is trucks, along with a dollop of controversy. A little issue of complaints to the US Justice Dept, along with the US SEC has ensured a fairly bumpy ride for the share price recently. In addition, gossip among internet chatrooms has been quite delicious, essentially open warfare between “true believers” and sceptics.

The company announced a partnership with General Motors and already have substantial partnerships with the likes of Bosch. The “true believer” camp points out, with a degree of sense, neither company would proceed with Nikola unless they’d conducted extensive research on the company. After all, corporate bodies never make mistakes, do they?

 

From our strictly numbers perspective, we have some doubts to the shares immediate potentials. Currently trading around 33 dollars, it appears weakness next below 30 dollars risks reversal toward an initial 23.5 dollars. If broken, hopefully the share price shall bottom and bounce eventually at the 16.3 dollar level. Of course, it’s unknown whether any bounce will prove capable of emulating Tesla, a company presently trading at 443 dollars but whose price once enjoyed languishing at the 7 dollar level. We’d certainly have grounds for concern, should events drive Nikola down below its previous low of 26.7 dollars as this effectively takes the share into uncomfortable territory, where our maximum bottom calculation is prefaced by a minus sign!

We have our doubts as to whether further reversals shall take place. Instead, we’ll be more interested should NKLA manage to trade above the 41 mark as this looks capable of triggering recovery to an initial 50 dollars with secondary, if exceeded, at a longer term (and potentially game changing) 65 dollars.

 

Perhaps worth keeping an eye on as a bunch of folk who missed The Tesla Boat are liable to jump on board this one.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:25:27PM BRENT 42.68 Success
10:27:32PM GOLD 1959.78 1952 1947 1938 1961 1974 1978 1988 1961 ‘cess
10:40:01PM FTSE 6081
10:41:49PM FRANCE 5050.2 ‘cess
10:44:34PM GERMANY 13212 Shambles
10:48:18PM US500 3390 ‘cess
10:51:44PM DOW 28066 28010 27856 27682 28235 28240 28384 28698 28050
10:53:34PM NASDAQ 11275 Shambles
10:55:10PM JAPAN 23445

 

16/09/2020 FTSE Closed at 6078 points. Change of -0.44%. Total value traded through LSE was: £ 5,563,460,983 a change of 15%
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%
8/09/2020 FTSE Closed at 5930 points. Change of -0.12%. Total value traded through LSE was: £ 4,474,047,176 a change of 45.17%

4d Pharma PLC for 16/09/2020

#SP500 #CAC40 We’ve received a few emails regarding 4d Pharma, share code DDDD and it appears those getting in touch have ample reason for their interest. A glance at their news release history obviously unearthed the inevitable mention of Covid-19 tests, along with a rather intimidating number of fields the company appear to be active. It’s an interesting one and thankfully, their share price looks poised to repay the interest.

 

Historically, 4d Pharma has experienced a pretty rough ride, the price nearly reaching the 11 quid mark before experiencing relentless reversals since 2016. There are a couple of items worthy of comment, hopefully able to prove important for the longer term.

Firstly, the Covid-19 drop in March took the share to an arithmetically perfect bottom of 24p. We cannot calculate below this level but who cares? The bounce in the period since has been pretty impressive.

Secondly, the market opted to Gap (manipulate) the share price above the Blue downtrend in April, hopefully sending a clear signal that everything has changed and an entirely new trend is commencing. If we take this Gap at face value, it was supposed to generate price recovery to 139p, something the share achieved earlier this month and now, the price has actually closed above 139p. This should prove significant as movement next above 149p looks capable of driving recovery to 181p initially. If exceeded, our secondary calculates at 235p.

Visually, there’s an expectation the 235p level shall provoke some sort of hesitation but closure above this level should prove really game changing for the longer term, the share entering a region where 651p works out as possible.

 

For the present, we’re fairly optimistic against this one, the price needing trade below 84p before justifying raising an eyebrow.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:33:25PM BRENT 41.04 Success
9:35:36PM GOLD 1954.83 Success
9:37:29PM FTSE 6089.04 Success
9:39:44PM FRANCE 5062.5 5050 5036.5 5019 5068 5093 5108.5 5134 5059 ‘cess
10:09:56PM GERMANY 13229
10:11:31PM US500 3404 3384 3373 3359 3408 3415 3420 3432 3400 ‘cess
10:13:38PM DOW 28032 ‘cess
10:15:47PM NASDAQ 11465 ‘cess
10:25:35PM JAPAN 23447
15/09/2020 FTSE Closed at 6105 points. Change of 1.31%. Total value traded through LSE was: £ 4,837,644,674 a change of 35.92%
14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%
8/09/2020 FTSE Closed at 5930 points. Change of -0.12%. Total value traded through LSE was: £ 4,474,047,176 a change of 45.17%
7/09/2020 FTSE Closed at 5937 points. Change of 2.38%. Total value traded through LSE was: £ 3,081,866,920 a change of -35.14%

Morrison Supermarkets for 15/09/2020

#Gold #DOW Our previous analysis on #Morrisons in February, our sadly missed favourite croissant supplier, proved quite prescient, the share price indeed making a surge down to 165p. A new diet, however, ensured the morning treat of two croissant and latte has forever vanished.

There’s nothing like substantial weight loss (without effort) to convert a confirmed fad diet sceptic into a true believer but, for me, this Keto diet has been revolutionary. Except, unfortunately, for chips, a delicacy sorely missed due to potatoes being a big “no no”. Ditching sugar was easy, ditching rice was easy, but chips (of all things) are tending to present an issue. Which is quite strange, because they were never a major part of the diet before this Keto lifestyle. But tonight, dinner was steak, mushrooms, green beans, and a pepper sauce. The only thing missing? Chips to dip into the sauce!

 

The big question, will Morrison Supermarkets survive our household no longer buying croissants, sugar, and the odd bag of chips?

 

It’s interesting to note their share price movements are suddenly doing something quite odd. The price successfully broke above the Blue downtrend since 2018 and has now reversed below the trend. This is not an encouraging signal for a share, too often representing a “gotcha suckers” pattern by the market. About the only nice thing we can suggest is, should the share next make it above 200p, the previous high, we’d expect it to recover extremely swiftly with 213p as an initial ambition with secondary, if bettered, at 249p.

 

However, the sharp price reversal below the Blue downtrend usually signals the worst, implying the prior trend is influencing matters and suggesting weakness next below 177p risks an attempt at a visually unsettling 152p. If broken, bottom calculates at 137p and hopefully a proper rebound for future recovery.

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:45:42PM BRENT 40.03
9:57:54PM GOLD 1956.67 1937 1927 1915 1947 1963 1967.5 1972 1950 Success
10:07:20PM FTSE 6012.15 ‘cess
10:09:10PM FRANCE 5037.7 ‘cess
10:13:56PM GERMANY 13166
10:16:11PM US500 3379 Success
10:17:57PM DOW 27970 27783 27675.5 27535 27900 28092 28183.5 28429 27904 ‘cess
10:19:34PM NASDAQ 11279
10:22:20PM JAPAN 23425 Success

 

14/09/2020 FTSE Closed at 6026 points. Change of -0.1%. Total value traded through LSE was: £ 3,559,218,269 a change of 1.56%
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%
8/09/2020 FTSE Closed at 5930 points. Change of -0.12%. Total value traded through LSE was: £ 4,474,047,176 a change of 45.17%
7/09/2020 FTSE Closed at 5937 points. Change of 2.38%. Total value traded through LSE was: £ 3,081,866,920 a change of -35.14%
4/09/2020 FTSE Closed at 5799 points. Change of -0.87%. Total value traded through LSE was: £ 4,751,494,897 a change of 11.8%

Lloyds Bank for 14/09/2020

#Brent #Dax The retail banks remain the politicians of the stock market. As in, they don’t actually do anything except cost people money. And their movements stink a bit too! #Lloyds remains a case in point, our previous report suggesting the price only required a slight nod upward to start some recovery. For 3 weeks, the share has wallowed in the gutter and now is at risk of some reversals.

The situation for Lloyds remains the same, the share price only needing exceed 30.9p to tick a box suggesting coming recovery toward an initial 34 with secondary, if exceeded, at 35.75p. If triggered, the tightest stop loss level looks like 28p. In fairness, we shall be fascinated if the market discovers an excuse to “Gap” Lloyds up above 30.9p at the start of trade as it shall become likely a cycle toward 50p is likely to commence.

Of course, there’s a massive “however” thanks to Lloyds share price closing on Friday at 25.8p. By taking this stance, the market has allowed the bank to close in the land of ‘lower lows’, the share price now visiting levels not seen since 2012. In doing so, price moves have created a situation where below 25.8 calculates with the potential of weakness to an initial 24p with secondary, if broken, now at a really surprising price level.

Both our Big Picture, along with our calculations for the current year, point quite separately to 22.35p becoming a “bottom” for this retail bank! We don’t entirely understand which this is the case but when two quite different trading scenario point to the same target level, the market usually finds such a number irresistible. The big question, obviously, remains. Should Lloyds Bank hit our 22.35p target level (in fact, ideally just above this level to imply residual strength) will it bounce?

Hey, chart goes here

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
2:36:15PM BRENT 40.12 39.58 39.32 36.9 41 40.9 41.14 41.65 40
2:39:11PM GOLD 1940.56
2:43:55PM FTSE 6032.74 ‘cess
3:02:34PM FRANCE 5025
3:06:17PM GERMANY 13187 13110 13071.5 12989 13204 13260 13350 13540 13110 ‘cess
3:26:07PM US500 3338 ‘cess
3:39:06PM DOW 27648
3:41:12PM NASDAQ 11077 ‘cess
3:49:30PM JAPAN 23332 Success
11/09/2020 FTSE Closed at 6032 points. Change of 0.48%. Total value traded through LSE was: £ 3,504,460,601 a change of -8.69%
10/09/2020 FTSE Closed at 6003 points. Change of -0.15%. Total value traded through LSE was: £ 3,837,937,083 a change of -13.67%
9/09/2020 FTSE Closed at 6012 points. Change of 1.38%. Total value traded through LSE was: £ 4,445,872,932 a change of -0.63%
8/09/2020 FTSE Closed at 5930 points. Change of -0.12%. Total value traded through LSE was: £ 4,474,047,176 a change of 45.17%
7/09/2020 FTSE Closed at 5937 points. Change of 2.38%. Total value traded through LSE was: £ 3,081,866,920 a change of -35.14%
4/09/2020 FTSE Closed at 5799 points. Change of -0.87%. Total value traded through LSE was: £ 4,751,494,897 a change of 11.8%
3/09/2020 FTSE Closed at 5850 points. Change of -1.52%. Total value traded through LSE was: £ 4,250,184,579 a change of -2.94%