Business
The Domino’s (ASX:DMP) share price gave back all its gains in February
The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price ripped into record all-time highs of $115.97 in the second half of February.
The company bolstered its gains by a strong half-year results announcement on 17 February, which resulted in price target upgrades from Bell Potter and Goldman Sachs.
Despite the company’s strong showing in reporting season, its shares managed to give back all of its gains by the end of the month. Not only that, but the Domino’s share price finished February 2% lower, from a peak return of 25%.
Why did the Domino’s share price tumble?
One reason could be attributed to rising bond yields…
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