Seems this is why: Betfair Group PLC - Betfair Awarded Licence in Schleswig Holstein - Yahoo! Finance UK
Drifting back down a bit now.
Drifting back down a bit now.
The Leopard
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"Why have betfair shares just gone up about 4%?"
Because people wanted to buy them more than they wanted to sell them.
Because people wanted to buy them more than they wanted to sell them.
jthetrader
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Well, because more people were willing to buy them at a higher price than were willing to sell them at a lower price. This also explains why the are drifting back down.
Anyway, couldn't 4% be down to a couple of big orders, I can't imagine Betfair shares are traded a lot?
