Business
Why the a2 Milk (ASX:A2M) share price is sinking lower again
The A2 Milk Company Ltd (ASX: A2M) share price was out of form on Monday and tumbled lower again.
The infant formula and fresh milk company’s shares dropped 3% to $10.62.
This means the a2 Milk share price is now down almost 50% from its 52-week high of $20.05.
Why is the a2 Milk share price sinking lower?
Investors have been selling the company’s shares over the last few months after COVID-19 had a negative impact on its sales and profits.
After benefiting greatly from panic buying and pantry stocking at the height of the pandemic, demand for its infant formula has softened over the last couple of quarters.
But the greatest impact has come in the daigou channel. This is where Chinese tourists and students buy products and send…
-
General23 hours agoFallout from Ned Kelly’s last stand haunted families for generations
-
Business23 hours agoHow to make $5,000 a month in passive income
-
Business20 hours ago2 excellent ASX ETFs I think have great potential to beat the ASX 200
-
General24 hours agoHow slain teenager Cassius Turvey’s mother Mechelle used courage and restraint to pave a way for justice