Business
Redbubble (ASX:RBL) share price jumps 12% to record high
The Redbubble Ltd (ASX: RBL) share price was a very strong performer on Wednesday.
The ecommerce company’s shares jumped 12% in afternoon trade to finish the day at a record high of $6.11.
This means the Redbubble share price is now up 460% since the start of the year.
Why did the Redbubble share price storm to a record high?
Investors appear to have been buying the company’s shares for a couple of reasons.
The first is a series of positive updates from fellow ecommerce companies such as Kogan.com Ltd (ASX: KGN) and Mydeal.ComAu Pty Ltd (ASX: MYD) that demonstrate that the online shopping boom has continued.
This was particularly the case during the Black Friday and Cyber Monday promotional period, where a number of buy now pay…
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