Afterpay share price: 3 things to know for the week ahead
Despite the recent pullback, Afterpay's valuation remains stretched by historical standards and compared to its peers.
Afterpay share price in focus
Afterpay (APT) opened last Monday’s session at $118 per share, as the company's stock continues to drift lower from the highs set in February.
Amid broader concerns around rising inflation and interest rates, the stock would continue to plunge in the following session. On Tuesday APT sunk to an intraday low of $99.38 per share, a level the stock has not traded at since December 2020.
Ultimately that would prove to be the worst of it during last week’s trading sessions. The stock would rise over the next three days, finishing out Friday at $113.42 per share – still some 30% of its 52-week high and off the point it opened at on Monday, March 8.
The company released no price sensitive news last week but the did reveal that its previously announced $1.5 billion convertible notes issue had been settled. The notes carry a zero coupon, will come due in 2026 and will be listed on the Singapore Exchange Securities Trading Limited on March 15.
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