Rakon share spikes as half-year result looms

Rakon share spikes as half-year result looms
The advanced manufacturer will reveal its numbers on Friday. (Image: Rakon)
Rebecca Stevenson
The market watchdog said it will not undertake a price inquiry at Rakon after the company's share price spiked 8.86% on Tuesday. The advanced manufacturer is set to announce its half-year result on Friday. Rakon shares rose by more than 12% during Wednesday, with more than 146,000 shares sold for more than $120,000. On Tuesday, the volume of shares traded was also strong, with more than 70,000 swapping hands. Rakon's share price rose to 86 cents.NZRegCo Surveillance said in a statement it noted the share price move o...

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