Why the Hub24 (ASX:HUB) share price is firing up 12% today
Sebastian Bowen | March 15, 2021 3:10pm |
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Hub24 Ltd(ASX: HUB) share price is on fire today, rising 12.32% to $24.25 a share at the time of writing.
Hub24 shares had closed last week at $21.62 a share but opened this morning at $22.80. They went as high as $24.85 soon after the open.
However, today’s strong move papers over what has been a rough and volatile month for this company. Backtrack exactly one month, and Hub24 was sitting at a new all-time high of $27.80.
However, the rout in ASX tech shares that we’ve seen over the past four weeks has not been kind to this company. By 5 March, the Hub24 share price was down to $19.48 a share, a near-30% drop from those previous highs.
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