Why is the CSL (ASX:CSL) share price trading around its COVID lows?
Daniel Ewing | January 8, 2021 12:14pm |
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In recent weeks, the
CSL Limited(ASX: CSL) share price has been struggling to gain momentum and put its COVID-19 lows firmly behind it. Shares in the biotech giant have again been dropping today and are currently trading 0.45% lower in morning trade. This takes the CSL share price down to $275.37 – its lowest level since early August and a mere 1.6% higher than its March lows.
What’s gone wrong for the CSL share price?
The CSL share price has been suffering as string of negative news has plagued the company since the release of its annual report in September. Compounding this, the lack of any particularly positive updates is also arguably playing a part in the stagnation of CSL shares.