This morning Kogan.com Limited [ASX:KGN] launched its Kogan Marketplace platform, in a bid to compete with Amazon Australia. A move many online retailer companies are taking to help adapt to changing consumer behaviours
A stir of excitement has seen the Kogan's share price pushed higher this morning, up 7.28%, to trade at $3.84. The bump in price comes as the online retail and services business watches its share price tapper out after hitting its all-time high of $9.85, back in March last year — a one-year decline of 59.68%.
Technology One Limited’s [ASX:TNE] share price is trading 7.54% lower today, wiping out about half the gains it has made in the past three months. TNE opened trading today well below its previous close of $5.90. Currently, shares are $5.45 apiece.
Kogan’s [ASX:KGN] share price rose this morning by 4.58% shortly after opening. The rise comes after announcing its plans to introduce a new no frills, ultra-low fee Australian superannuation fund.
Kogan.com Limited’s [ASX:KGN] share price continues to plummet this morning following yesterday’s massive 33% drop. At time of writing, Kogan shares down 70% since its record high of $9.85 on 16 March 2018.
Shares of Kogan.com Ltd [ASX:KGN] have seen a dramatic fall in early morning trading, down in value by almost 10%. This afternoon has seen a bounce-back, but shares are still down by 6.37% at time of writing.
Shares of Kogan.com [ASX:KGN] are already up 15% this week. Today, the company announced plans to start selling insurance to their six-million-strong customer base.