BHP has now overtaken CBA by nearly $3 billion, boasting a valuation of $254.5 billion compared to CBA’s $251.5 billion, even after a slight uptick in today’s trading.
Latest reports indicate BHP’s stock climbed to $50.060 per share, marking a modest 0.62% increase today, whereas CBA’s shares saw a smaller rise of 0.15%, despite each share being priced higher.
The greater valuation of BHP can be attributed to its larger shareholder base, with approximately 5 billion shares in circulation compared to CBA’s 1.67 billion shares.
Back in November, CBA was leading the ASX with its shares nearly reaching $180 each.
Since then, CBA’s shares have dropped sharply to around $150 over the past three months, while investor confidence in BHP has surged, pushing its share price up from a November low of $40.62.
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