Connect with us


Will a retreating Reddit army trample the IOUpay (ASX:IOU) share price?



The IOUpay Ltd (ASX: IOU) share price, up 1.28% today, trading at 40 cents per share. Despite the intraday gain, shares in the ASX fintech company are now down 44% from the 15 February highs when it closed at 70 cents per share.

Still, even after that retreat, IOUpay is trading at more than 5-year highs. Shares remain up 98% so far in 2021 and up an eye-popping 3,850% over the past 12 months. Over that same period, the All Ordinaries Index (ASX: XAO) is up 38%.

And, as Bloomberg notes, despite the recent share price retreat, “IOUpay remains Asia’s top-performing interactive media and services stock over the past year”.


Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Facebook will not notify the 533 million users exposed in online database – 9News
Article feature image
Alibaba fined $3.66 billion on monopoly charge in China – Sydney Morning Herald