Business
What happened to the SportsHero (ASX:SHO) share price today?
The SportsHero Ltd (ASX: SHO) share price fell heavily today despite announcing a positive update in regards to the company’s latest performance. At the closing bell, SportsHero shares finished the day down 14.2% to 5.4 cents.
Let’s take a closer look at why its shares fell today and what was released.
What’s driving the SportsHero share price down?
While the SportsHero share price fell 14% today, a major catalyst for this was that investors were selling their shares for a profit. Just yesterday, the company’s shares skyrocketed from 3.9 cents at market open to close at 6.3 cents. This represents a gain of around 61% in just 6 hours of trade.
Although the company’s shares fell today, not all was bad. According to its…
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