Australia’s hot buy now, pay later sector might be seeing a new entrant almost every other week but payment experts expect the overcrowded field is soon headed for a reckoning.
Why the Humm (ASX:HUM) share price just hit a 52-week low
James Mickleboro | May 13, 2021 10:12am |
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Humm Group Ltd(ASX: HUM) share price is under pressure on Thursday morning.
At the time of writing, the financial services company’s shares are down 2.5% to a 52-week low of 85.5 cents.
Why is the Humm share price tumbling?
Investors have been selling the company’s shares this morning after weakness in the tech sector offset a reasonably upbeat trading update.
According to the release, Humm’s buy now pay later (BNPL) business reported record transaction volume of $100.8 million during the month of March. This led to its third quarter volume reaching $264.8 million, which was up 33% on the prior corresponding period.
Venus Williams and Johanna Konta set to headline Nottingham tennis tournament
The WTA Tour event kicks off the grass-court season from June 5-13 at the Nottingham Tennis Centre
07:23, 13 MAY 2021
Updated
Venus Williams, of the United States, serves to Dayana Yastremska, of Ukraine, at the Western & Southern Open tennis tournament, Saturday, Aug. 22, 2020, in New York (Image: AP)
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