Business
The Kogan (ASX:KGN) share price is up 160% in 12 months
Online retailer Kogan.com Ltd (ASX: KGN) has been among the best ASX shares to own over the last 12 months, with its share price soaring almost 160% higher. Valued at just $7.34 a year ago, the Kogan share price has skyrocketed to $19 as at the time of writing, and even briefly touched an all-time high price of $25.57 back in mid-October.
What’s been driving the Kogan share price?
Arguably Australia’s answer to United States internet giant Amazon.com, Inc. (NASDAQ: AMZN), Kogan saw its revenues soar in 2020. This occurred as lockdown measures imposed by governments to curb the spread of coronavirus encouraged more consumers to shop online from home.
As far back as April, around the time COVID-19 panic-selling was wreaking havoc…
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