After zigzagging erratically, the Afterpay Touch Group Ltd [ASX:APT] share price plummeted this morning and is now down by 4.54%, at time of writing. This continues a worrisome trend for the fintech giant, with its share price having fallen heavily last week on the back of several announcements.
In a rather sudden development, Afterpay Touch Group Ltd [ASX:APT] shares have tumbled dramatically today, following a positive week.At the time of writing Afterpay's share price is trading at $22.94, a decrease of 10.53%.
Today, Afterpay Touch Group Limited [ASX:APT] shares were seemingly unaffected by its founders offloading $100 million worth of shares.At the time of writing Afterpay's share price is trading 6.08% higher at $25.64.
Today, Afterpay Touch Group [ASX:APT] entered a trading halt, after announcing a capital raising.Before the trading halt, Afterpay’s share price spiked on Thursday, trading to $25.17 before settling at $24.15 on Friday, 7 June.
This afternoon, we’re seeing the share price of Afterpay Touch Group Ltd [ASX:APT] shares shot up by 8.44%, following the milestone announcement of reaching 3,300 retail partners in the United States, and 1.5 million customers.At time of writing, Afterpay's share price is trading at $24.20, an increase of $1.88.
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The spike seems to relate to a retailer update from the company this morning, announcing the newest offer for FlexiGroup’s humm platform — the original ‘buy now, pay later’ provider in Australia.
The ‘buy now, pay later’ business has turned its focus towards the UK, where AfterPay Touch Group Limited [ASX:APT] will use the name of its already acquired business: Clearpay. Afterpay’s share price is still rising after the UK launch announcement, trading at $27.52, up 0.77 on top of yesterday’s 5.47%
‘Buy now, pay later’ industry leader Afterpay Touch Group Ltd [ASX:APT] has rallied over 6% today, coming off news of the company — who already operates in the US, Australia and New Zealand — to launch in the UK
At time of writing, Afterpay share price is trading at $24.17, a 2.54% drop since yesterday, likely fuelled by the issuing of new shares as part of their 2018 Equity Incentive Plan for their US branch, Afterpay US Inc.