The buy now, pay later giant is performing well on the ASX 200 today
The post The Afterpay (ASX:APT) share price is gaining 3% today appeared first on The Motley Fool Australia. –
Afterpay Ltd (ASX: APT) shareholders could be in for a good start to the weekend – the buy now, pay later giant’s share price is gaining today.
Its day in the green has come despite no news having been released by the company since Tuesday.
At the time of writing, the Afterpay share price is $109.18 – 3.16% higher than its previous closing price.
That’s particularly impressive considering the broader market’s moves this morning.
Let’s take a closer look at Afterpay’s rise today.
Afterpay up on Friday
Shares in Afterpay are on the final stretch of a good week.
Afterpay shares have gained 4% since Monday, spurred by the company announcing the rollout of Money by Afterpay on Tuesday.
However, Afterpay isn’t the only BNPL company to be in the green today – the Zip Co Ltd (ASX: Z1P) share price has gained 2.43% to trade for $7.16.
Additonally, the Sezzle Inc (ASX: SZL) share price is $8.14 – 0.87% more than its previous close.
Afterpay share price snapshot
Despite a good week, Afterpay is still struggling through 2021 on the ASX.
Afterpay shares have fallen 8% year to date. However, they’ve gained 51% since this time last year.
Should you invest $1,000 in Afterpay right now?
Before you consider Afterpay, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Afterpay wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of May 24th 2021
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.