Business
Airtasker (ASX:ART) share price insanity: Is this the ASX’s GameStop?
The Airtasker Ltd (ASX: ART) share price has only been with us on the ASX for 2½ days now. And yet, it’s brought us more drama than a Shakespearean tragedy.
As we covered at the time, Airtasker shares gave its institutional and insider investors a very nice debut when it listed 65% above its asking price. But for any investors trying to buy in at the market open, it was a pretty flat day.
But yesterday was when investors really stepped on the gas. The Airtasker share price opened more than 7% higher than where it closed Tuesday at $1.05 and rocketed all the way up to $1.96 in intra-day trading yesterday, a rise of 88%.
That’s also more than 200% above Airtasker’s listing price of 65 cents a share. Airtasker ended up closing yesterday…
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