Business
Why have ASX tech founders been unloading shares? – Motley Fool Australia
The Afterpay Ltd (ASX: APT) founders have been leading insider sales of tech shares over the past few months. Is ASX tech still a buy?
ASX tech shares like Afterpay Ltd(ASX: APT), Xero Limited(ASX: XRO) and Kogan.com Ltd(ASX: KGN) have been the undisputed champions of the S&P/ASX 200 Index (ASX: XJO) over the past 6 or so months.
In a market battered and bruised by the share market crash we saw in March, it was ASX tech shares leading the recovery. Since 23 March, the Afterpay share price has appreciated almost 800% on today’s prices. Xero shares are up 66% and Kogan shares by more than 400%.
This mirrors a trend we have …
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