Business
Why the a2 Milk (ASX:A2M) share price is sinking lower again – The Motley Fool Australia
The A2 Milk Company Ltd (ASX:A2M) share price is sinking lower again and is down almost 50% from its 52-week high…
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…
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