Someone trying to pick up a bargain today?
This would be great to have on there
We’ve now added Asos to the app, along with a couple more AIM listed stocks
ASOS reported a YoY fall in profits, and their shares are up 25% today. Bonkers, although their shares have been on a losing streak for a year. I never see that sort of 1 day gain unless it’s an acquisition.
It’s all about expectation. When the majority of analysts believe the eps to be £1 and the company reveals it to be an actual £1.25, the stock goes up 25%. Nothing to do with past-performance or anything else.
Quite a large jump this morning. Anyone know why?
It’s about 6% up today. No news in the media, so I assume it’s just traders think that 60% decrease over the past month is low enough and they can get in.
They had a nice rise today. I managed to average down from £20-ish to around £12. It looks pretty again… looks even prettier in Freetrade as the app calculates gains on a first in first out ( fifo ) basis which shows a gain of around 42% instead of the 29% mark that it should be.
BooHoo has done well today as well.
It looks good. Rise …in ‘lockdown’ products categories (casualwear, activewear, face + body)…. Overall 10% rise in sales, small drop in the U.K. but ROW and EU saw solid growth.
Asos is on another boom! Wonder if it could hit 70 like 2018?
ASOS pre-close trading update. Sales and profit are to be significantly ahead of market expectations. There has been a significant and sustained reduction in returns rates since April in part due to lockdown categories, and also prolonged shift in customer behaviour towards more deliberate purchasing across all product categories.