Connect with us

Business

Will a retreating Reddit army trample the IOUpay (ASX:IOU) share price?

Published

on

The IOUpay Ltd (ASX: IOU) share price, up 1.28% today, trading at 40 cents per share. Despite the intraday gain, shares in the ASX fintech company are now down 44% from the 15 February highs when it closed at 70 cents per share.

Still, even after that retreat, IOUpay is trading at more than 5-year highs. Shares remain up 98% so far in 2021 and up an eye-popping 3,850% over the past 12 months. Over that same period, the All Ordinaries Index (ASX: XAO) is up 38%.

And, as Bloomberg notes, despite the recent share price retreat, “IOUpay remains Asia’s top-performing interactive media and services stock over the past year”.

What’s…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Authorities investigate death of NSW woman who developed blood clots after Covid vaccination – The Guardian
Article feature image
Qantas boss Alan Joyce hints at four more destinations for potential travel bubbles – 7NEWS.com.au