Takeover target Myer’s big share price run is catching eyes, particularly in light of recent corporate activity in the retail sector.
Myer shares will start the week above 80¢ for the first time since 2017, thanks to a strong run over the annual Christmas and Boxing Day sales shopping period, and have now doubled in value in the past six months.
Fund managers reckon UBS’ equities desk has been doing most of the Myer trade in the past fortnight, which would suggest it’s institutional investors hoovering up shares.It’s worth keeping an eye on Myer in light turnaround PE firm
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