Business
Why the Afterpay (ASX: APT) share price is down 8% today – The Motley Fool Australia
Rising bond yields and a slump in the tech-heavy Nasdaq may be the cause for the Afterpay Ltd (ASX: APT) share price falling 8% today.
Investors may have become accustomed to the AfterpayLtd(ASX: APT) share price only going in one direction… up.
But today marks a gritty 8% sell-off for the ASX market’s beloved buy now, pay later (BNPL) leader.
Why is the Afterpay share price slumping?
There has been no market-sensitive news out of the BNPL giant today nor from its peers such as Zip Co Ltd(ASX: Z1P) and SezzleInc(ASX: SZL) that could affect its share price. Brokers have also yet to provide any updates or new target prices leading…
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