Business
Why the Kogan (ASX:KGN) share price is charging higher today
The market may be dropping lower today but that hasn’t stopped the Kogan.com Ltd (ASX: KGN) share price from charging higher.
In afternoon trade, the ecommerce company’s shares are up 1.5% to $16.89.
Why is the Kogan share price pushing higher?
The Kogan share price appears to be charging higher today on the belief that the COVID-19 lockdown in Victoria will give its sales a boost.
This afternoon the Victorian government announced that it would be locking down the state for five days from midnight tonight. This action is being taken in an effort to stop the spread of a highly transmissible strain of COVID-19.
During previous lockdowns, online retailers such as Kogan and Temple & Webster Group Ltd (ASX: TPW) performed very…
-
Business13 hours ago3 ASX 200 blue chip shares to buy with $3,000 in July
-
Noosa News24 hours agoMeet the Tasmanian farmers keeping the English Leicester sheep breed alive after 200 years
-
Noosa News15 hours agoCommissioner’s 100-Day Review of the Queensland Police Service – Final Report
-
Noosa News18 hours agoMore Than Good Enough: G Flip Has Locked in a 2026 Australian Tour with The Beaches and Ayesha Madon