2 fast-growth ASX tech shares that have been sold off
Tristan Harrison | April 5, 2021 8:50am |
More on: Image source: Getty Images
There are some fast-growth ASX tech shares that have been sold off in recent weeks and could be worth thinking.
Some businesses have been going up over the last few weeks such as
Domino’s Pizza Enterprises Ltd.(ASX: DMP).
However, there are also some ASX tech shares that have been falling despite reporting growth:
The Redbubble share price has fallen 11% since 16 March 2021. Redbubble shares have been heading downwards over the last few weeks as markets worried about interest rates and inflation, and investors responded to Redbubble’s half-year result.
5 things to watch on the ASX 200 on Thursday fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
6,827 points.
Afterpay Ltd (ASX: APT) share price rose 3.1% and the
Xero Limited (ASX: XRO) share price grew 4%.
Here are some of the highlights from the ASX:
The Pointsbet share price rose strongly today after announcing an acquisition.
It’s acquiring Banach Technology, which is a Dublin-based provider of proprietary risk management platforms and quantitative driven trading models that support complex pre-game and in-play betting products across numerous sports, including the four major American sports and international soccer.
Pointsbet is going to spend US$43 million to buy the business on a cash and debt free basis. This price will be split between 55% cash and 45% in 1.75 million shares.
5 things to watch on the ASX 200 on Tuesday fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
The Zip (ASX:Z1P) share price just keeps on falling
Kerry Sun | March 11, 2021 2:30pm |
More on: Image source: Getty Images
Zip Co Ltd(ASX: Z1P) shares might have shocked investors this morning after falling by as much as ~7% to a one-month low of $7.79. The Zip share price has since staged a significant intraday recovery to be down just 1.78% at the time of writing.
ASX 200 tech shares under pressure
The
S&P/ASX Information Technology (ASX: XIJ) index continues to face relentless selling pressure and is currently down nearly 2% today.
The index’s five-day performance sits at -3.20% while its one-month performance is a shocking -18.2%. This compares to the