Business
Why the Wesfarmers (ASX:WES) share price is up today
The Wesfarmers Ltd (ASX: WES) share price is having a top day today. At the time of writing, Wesfarmers shares are up 1.61% to $53.07 a share. That looks especially impressive when you consider the broader S&P/ASX 200 Index (ASX: XJO) is up 1.56%.
Today’s move caps off what has been a pretty good month for Wesfarmers shares. Since 1 March, the Wesfarmers share price is up 5%. Saying that, this conglomerate is still more than 5% below the all-time high of $56.40 a share that we saw back in February.
This ASX blue chip has done exceptionally well over the past year, which of course includes the pandemic and all of the economic woes that came along with it.
Over the past 12 months, Wesfarmers shares are up a staggering 55.5%. They…
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