Shares for Kogan.com have risen 4.8 per cent on the ASX, hitting a peak of $13.23 today, ahead of the release of the company’s FY21 results on Tuesday.
Trading opened today at $12.50 at 10am, before jumping to $12.35 by 10.35am. Shares were trading at $11.39 at the opening of the market on Monday, and have risen steadily throughout the week.
It’s been a bumper twelve-month period for Kogan; this time last year, shares were trading at $21.98, and continued lockdowns and financial uncertainty have seen share prices fluctuate since, from highs of $25.07 in last October, to lows of $8.71 in late May.
With no major announcements made today, nor acquisition rumours, this jump might just be a market correction ahead of Kogan’s financials.
