Business
Why the CBA (ASX:CBA) share price has fallen 26% since February – Motley Fool Australia
The CBA share price has fallen significantly this year as the bank works its way through the effects of COVID-19 on the economy.
The Commonwealth Bank of Australia(ASX: CBA) share price has dropped slightly at the time of writing to $66.02. However, it has fallen 26.16% since its February high of $91.05.
Why is the CBA share price down since February?
The coronavirus pandemic is the obvious factor affecting the CBA share price. But some investors may be wondering why it’s still lower when Australia seems to be recovering from the effects of COVID-19.
The share price is down because the economic impact of coronavirus i…
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