Business
ASX stock of the day: Why are Netwealth (ASX:NWL) shares up 7%?
The Netwealth Group Ltd (ASX: NWL) share price is surging today, up 6.78% to $17.02 at the time of writing. Netwealth shares had closed at $15.88 a share yesterday, and opened at $16.25 this morning, climbing as high as $17.17 before settling at their current level.
At this level, the Netwealth share price has delivered a year-to-date return of more than 110% to investors, making it one of the best performing ASX financials shares of 2020 so far.
In fact, coming off the 52-week low of $4.80 we saw back in March, Netwealth is up more than 220%. In saying that, the company is still not at its 52-week high at these levels. Netwealth shares hit $18.67 back in mid-October, and remain almost 10% off that level even after today’s…
-
General23 hours agoThree players sin-binned as Australia win torrid second Test 14-4 over England to retain Ashes
-
General9 hours agoChristopher James McLoughney refused bail over alleged murder of Rhukaya Lake
-
Noosa News17 hours agoDo the Queensland government’s claims about the surgical waiting list stack up?
-
General16 hours agoRock climbers’ defiance grows over Mount Arapiles cultural site requests