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ARB is one of the many that I've missed and it's having a great run if you're a holder. We'll never know for certain why investors sold a little today. It could be that they've taken the opportunity to realise some profit. I could posit that half the adult population were buying online stuff for the house and the other half were buying stuff for their cars and SUVs while being restricted to home. Now that restrictions are easing and there's a vaccine likely, people won't be at home as much. Online sales are anticipated to drop.A see a similar fall in SUL (Super Retail Grp) today. KGN (Kogan, and TPW also fell significantly today.
ARB is one of the many that I've missed and it's having a great run if you're a holder. We'll never know for certain why investors sold a little today. It could be that they've taken the opportunity to realise some profit. I could posit that half the adult population were buying online stuff for the house and the other half were buying stuff for their cars and SUVs while being restricted to home. Now that restrictions are easing and there's a vaccine likely, people won't be at home as much. Online sales are anticipated to drop.
A see a similar fall in SUL (Super Retail Grp) today. KGN (Kogan, and TPW also fell significantly today.
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