Mosaic Brands (ASX:MOZ) share price rockets 21% on business update
Mosaic Brands (ASX:MOZ) share price rockets 21% on business update
The Mosaic Brands Ltd share price is one of the best performers on the ASX today after releasing a positive business update. Here’s the details.
Aaron Teboneras has been a Motley Fool contributor since early August 2020. After graduating from RMIT University with a Business degree, Aaron spent most of his years either travelling or working in various industries. Aaron’s most notable appointments include National Australia Bank, and Computershare where he discovered his passion for the Australian sharemarket. Outside of researching and writing for Motley Fool, Aaron enjoys trekking on adventures across the world and learning new life skills.
Why Afterpay, Cleanaway, Mosaic Brands, & Perpetual shares are dropping lower
James Mickleboro | January 22, 2021 12:44pm |
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In afternoon trade the
S&P/ASX 200 Index (ASX: XJO) is on track to end the week in a subdued manner. The benchmark index is down 0.2% to 6,812 points at the time of writing.
Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping lower:
The Afterpay share price is down 5% to $141.85. This appears to have been driven by profit taking from investors after some stellar gains recently. In fact, at one stage today the Afterpay share price hit a record high of $151.22. When the payments company’s shares hit that level, it meant they were up a massive 37% since last Wednesday. A bullish broker note and Affirm’s successful IPO in the US have helped drive Afterpay’s shares higher this month.