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Are Austal shares a buy after weeks of heavy gains and losses?
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Are Austal shares a buy after weeks of heavy gains and losses?
Austal Ltd (ASX: ASB) shares are no strangers to volatility. They swing sharply as investors pile in and out of the fast-emerging defence sector. Last week, the Australian shipbuilder was one of the big winners with a gain well over 25%. Austal shares have started this week completely different, as they have lost 10.6% at $5.64 during afternoon trade. Let's have a closer look at how brokers see this wild stock. Heavy defence spending Over the pa…
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