Proactive Investors - Run By Investors For Investors

Splitit shares refuse to stop with fourth positive trading day underway

Shares continue to hit new all-time highs, up 24% today to $1.94.
share price going upwards
Splitit allows online shoppers to buy goods and pay later in split interest-free payments

Splitit Ltd (ASX:SPT) shares are within reach of attaining 10-bagger status today, last priced at $1.94 just after midday.

The company completed an initial public offering (IPO) in late January 2019 with shares priced at 20 cents each.

If the shares hit $2.00, this will mean IPO investors have x10 their investment in less than 1.5 months.

READ: Splitit gains market darling status, up over 400% from IPO price

Often shares will take a breather after three strong performing days but this hasn't been the case with the buy-now, pay-later company.

Last Wednesday, the stock finished up 13.5% at $1.215 and proceeded to put on 8.0% on Thursday and 9.4% on Friday to close at $1.565.

Today the stock is up 24% to $1.94, powering higher since this morning's open at $1.65.

 

View full SPT profile View Profile

Splitit Ltd Timeline

Related Articles

APQ
November 20 2018
The dividend remains well covered by economic income in the portfolio.
Ethereum
June 19 2018
If ICOs provide an investment product that pensions funds, investment banks and others understand, that is when huge sums of money will enter this space
1552315586_zinc-periodic-3.jpg
March 12 2019
Mineral and Financial offers investors an inside track to commodities

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use