Business
Why the IDP Education (ASX:IEL) share price is down almost 20% in a month
The IDP Education Ltd (ASX: IEL) share price has quietly lost almost 20% of its value during the past month. The company’s shares were cruising nicely in November, rising by an equivalent 20% after news of successful COVID-19 vaccine advancements broke out.
IDP shares have since gone on a downward spiral following the end of November, without the company making any major announcements to the market.
Here we’ll take a look at possible reasons why the IDP share price has lost so much value in one month.
What’s happening?
IDP Education is an English education company that conducts the International English Language Testing System (IELTS) for students.
The company’s main revenue source comes from mostly in-person English…
-
Noosa News17 hours agoQueensland weather forecast sees sunny weather for last week of winter
-
General20 hours agoFirst home buyers score early access to deposit scheme
-
Noosa News18 hours agoForum responds to urgent homelessness issues in Nambour
-
General17 hours agoEnergy provider ENGIE to ‘correct’ electricity bills for thousands of South Australian customers