Business
Why the Adore Beauty (ASX:ABY) share price is charging higher today
The Adore Beauty Group Ltd (ASX: ABY) share price is bouncing back after hitting a record low on Monday.
In afternoon trade, the online beauty retailer’s shares are up 4.5% to $4.74.
Despite this gain, the Adore Beauty share price is still trading 30% lower than its October IPO listing price of $6.75.
Why is the Adore Beauty share price charging higher today?
Investors have been buying the company’s shares on Tuesday following the release of a presentation that will be delivered at the Goldman Sachs 12th Annual Emerging Leaders Conference today.
While the presentation didn’t provide an update on its trading since the end of the first half, it did give investors an idea of where the company is heading.
According to the…
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