Insights

Why the Afterpay (ASX:APT) share price is in the green today

After three consecutive down days this week, Afterpay is finally green on Thursday.
The post Why the Afterpay (ASX:APT) share price is in the green today appeared first on The Motley Fool Australia. –

The Afterpay Ltd (ASX: APT) share price is finally catching a break on Thursday, bouncing 3.49% higher to $102.46.

Two weeks on from the Apple announcement

It’s been a little over two weeks since the headlines that Apple was developing its own BNPL service.

However, the selling pressure continues to linger, with the Afterpay share price tumbling 3.60% to $99 on Wednesday.

The Wednesday decline was off the back of above average trading volume, with almost 1.5 million shares changing hands compared to Afterpay’s 10-day average of approximately 1.05 million shares.

What’s driving the Afterpay share price on Thursday

Afterpay shares might be taking Wall Street’s lead after the Nasdaq Composite posted a solid 0.70% gain overnight.

The tech-heavy Nasdaq managed to run higher despite the Dow Jones Industrial Average and S&P 500 edging 0.36% and 0.02% lower respectively.

Encouraging, Afterpay’s major US competitor, Affirm Holdings Inc (NASDAQ: AFRM) managed to post a 2.82% gain to US$61.18 as well.

The broader BNPL sector is also bouncing higher on Thursday, with the large cap players taking charge.

The Zip Co Ltd (ASX: Z1P) share price is up 5.49% to $6.91.

While Sezzle Inc (ASX: SZL) is also posting a 2.39% gain to $8.15.

Smaller players including Openpay Group Ltd (ASX: OPY) and Laybuy Holdings Ltd (ASX: LBY) are trading a respective 6.22% and 1.14% higher.

Despite a small victory today, the Afterpay share price is still down 4.05% this week and down 13.96% year-to-date.

The post Why the Afterpay (ASX:APT) share price is in the green today appeared first on The Motley Fool Australia.

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

More reading

Here’s why the Zip Co (ASX:Z1P) share price is leaping 5% today
PayPal (NASDAQ:PYPL) share price falls on profit decline
Why Afterpay, Nickel Mines, Nitro, & St Barbara shares are sinking

Down 7% this week, why the Zip (ASX:Z1P) share price keeps falling
The Afterpay (ASX:APT) share price is down 16% in a month. Here’s why

Motley Fool contributor Kerry Sun 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.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!