Business
Kogan (ASX:KGN) share price crashes 13% on Q3 update – The Motley Fool Australia
The Kogan.com Ltd (ASX:KGN) share price is crashing 13% lower on Friday after releasing a disappointing third quarter update today…
The Kogan.com Ltd(ASX: KGN) share price is well and truly out of form on Friday.
In afternoon trade, the ecommerce company’s shares are down 13% to $10.80.
This means the Kogan share price is now down 58% from its 52-week high.
Why is the Kogan share price crashing lower?
Investors have been heading to the exits in their droves today after Kogan became the latest ecommerce company to release a disappointing third quarter update.
This follows similarly poorly received releases by Redbubble Ltd(ASX:…
-
General22 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General7 hours agoByford rail extension opening marks final stage of Perth Metronet
-
General19 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News23 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’