On Tuesday the S&P/ASX 200 Index (ASX: XJO) was out of form and edged lower. The benchmark index ended the day 0.2% lower at 7,474.5 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 futures pointing higher

The Australian share market is expected to push higher on Wednesday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 12 points or 0.15% higher this morning. On Wall Street, the Dow Jones rose 0.8%, the S&P 500 stormed 0.8% higher, and the Nasdaq pushed 0.55% higher.

CBA shares given sell rating

The Commonwealth Bank of Australia (ASX: CBA) share price is overvalued ahead of its results release according to analysts at Goldman Sachs. This morning the broker retained its sell rating and $81.87 price target. Although the broker expects a strong result and a special $3.5 billion or 200 cents per share dividend, it isn’t enough for a more positive rating. Goldman continues to believe there are better options elsewhere in the sector.

Oil prices fall

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could come under pressure on Wednesday after a poor night for oil prices. According to Bloomberg, the WTI crude oil price is down 0.9% to US$70.61 a barrel and the Brent crude oil price is down 0.6% to US$72.47 a barrel. This was driven by concerns that rising COVID-19 cases could reduce demand.

Afterpay share price likely to end winning run

The Afterpay Ltd (ASX: APT) share price could end its winning run and trade lower on Wednesday. Overnight the Square share price ran out of steam and dropped 1%. Given that the Square-Afterpay deal is an all-scrip one, the two shares are intrinsically linked. This means when Square’s shares rise, the Afterpay share price should also. And vice versa when it declines.

Gold price falls

Gold miners Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) will be on watch after the gold price dropped overnight. According to CNBC, the spot gold price is down 0.5% to US$1,813.60 an ounce. Traders were selling gold ahead of some important economic data in the United States. This jobs data could determine how soon the US Federal Reserve starts to reduce its economic support.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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• Why Afterpay, Bellevue Gold, Pilbara Minerals, & Zip are charging higher

Motley Fool contributor James Mickleboro 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. 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.

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The S&P/ASX 200 Index (ASX: XJO) fell today by 0.4% to 7,460 points.

Here are some of the highlights from the ASX:

Afterpay Ltd (ASX: APT)

The Afterpay share price surged another 12% today.

Readers may have seen yesterday that the US payments giant Square has proposed to buy Afterpay in an all-share deal for $39 billion.

Under the terms of the deal, Afterpay shareholders will receive a fixed exchange ratio of 0.375 Square shares for each Afterpay share.

Based on a Square share price of US$247.26 on 30 July 2021, that implied a transaction price of $126.21 per Afterpay share. But overnight the Square share price increased around 10% to US$272.38, increasing the value that Afterpay shareholders will receive if it were to stay at this price.

When Afterpay first announced the news, the Afterpay co-CEOs Anthony Eisen and Nick Molnar said:

By combining with Square, we will further accelerate our growth in the US and globally, offer access to a new category of in-person merchants, and provide a broader platform of new and valuable capabilities and services to our merchants and consumers. We are fully aligned with Square’s purpose and, together, we hope to continue redefining financial wellness and responsible spending for our customers.

It was the top performer in the ASX 200 today.

Credit Corp Group Limited (ASX: CCP)

The Credit Corp share price increased slightly after releasing its FY21 result.

It said that its FY21 net profit after tax (NPAT) increased by 11% to $88.1 million. The business reported a “strong” US segment result, with net profit doubling to $17.7 million.

The company pointed to a near record purchased debt ledger (PDL) investment outlay of $293 million. It also saw a record second half gross lending volume of $105 million.

Credit Corp said that it has a record committed starting PDL investment pipeline of $150 million for FY22.

The business will pay a final dividend of $0.36 per share.

Credit Corp said that charge off volumes are growing across all markets and the company anticipates further opportunities to grow purchasing over the course of the year.

Mayne Pharma Group Ltd (ASX: MYX)

The Mayne share price dropped 6% today after announcing it had been served with a class action in the Supreme Court of Victoria.

It is being brought by Phi Finney McDonald for the plaintiff and on behalf of all people who bought shares between 24 November 2014 and 15 December 2016.

The proceedings alleges misleading or deceptive conduct and breaches of continuous disclosure obligations regarding alleged anti-competitive conduct in the US that has been the subject of investigations by the US Department of Justice and the Office of the Attorney General in the State of Connecticut.

The company will vigorously defend the proceeding, Mayne Pharma said it emphatically denies any and all allegations of wrongdoing.

The post ASX 200 drops, Afterpay jumps again, Credit Corp rises appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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. 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.

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If you’re wanting to construct a balanced portfolio, having a few blue chip ASX 200 shares in there could be a smart move.

But which blue chip ASX 200 shares should you buy? Two that could be in the buy zone are listed below:

REA Group Limited (ASX: REA)

The first blue chip ASX 200 share to look at is this online property listings company.

It is arguably one of the most resilient companies on the Australian share market. Despite battling a mini housing market crash, tighter lending rules, and the pandemic over the last few years, REA Group has still managed to deliver solid earnings growth.

So with the wind now firmly in its sails, things are looking particularly positive for the realestate.com.au operator. Especially given prices increases, new revenue streams, and recent acquisitions.

Goldman Sachs is very positive on the company’s outlook. So much so, it recently retained its buy rating and lifted its price target to $198.00. This compares to the latest REA Group share price of $165.92.

Telstra Corporation Ltd (ASX: TLS)

A second blue chip ASX 200 share to consider is Telstra.

This telco giant has battled through a tough decade but is now seeing light at the end of the tunnel. And that light is getting brighter each quarter.

In fact, after years of earnings declines and dividend cuts, the word “growth” is being uttered by management. Not only that, Telstra’s CEO Andy Penn is even looking for mid to high single digit operating earnings growth next year.

Back in February, Mr Penn said: “I’ve set an aspiration for mid to high single-digit growth in underlying EBITDA in FY22 and $7.5 to $8.5 billion of underlying EBITDA in FY23. I am confident we can deliver this if we remain focused.”

In addition to this, Telstra is looking to unlock value by monetising assets and splitting into three separate entities. This is expected to lead to capital returns for shareholders in the near future.

Ord Minnett sees a lot of value in the Telstra share price. It currently has a buy rating and $4.25 price target on the blue chip ASX 200 share. This compares to the latest Telstra share price of $3.76.

The post 2 buy-rated ASX 200 blue chip shares for investors in August appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The PPK Group Limited (ASX: PPK) share price is falling today, subtracting yesterday’s strong gains of 6.46%. This comes despite the technology and mining equipment company announcing a supply and distribution agreement today.

At market close, PPK shares are down 3.93% to $13.45. In comparison, the All Ordinaries Index(ASX: XAO) is up 1.3% to 7,760 points.

PPK expands market presence

A possible catalyst for the decline in PPK shares is that investors are taking profit off the table.

In the release, PPK revealed that its 51% owned subsidiary, BNNT Technology has entered into a non-exclusive supply and distribution agreement with Filgen Inc.

Founded in 2004, Japan-based Filgen is a leading specialist in the sale of science research equipment in the biotechnology market. The company distributes nanomaterials in Japan and has an extensive network of international clients.

The deal will see BNNT Technology supply Filgen with its Boron Nitride Nanotubes (BNNT) for entry into new international markets. This is expected to reach research and development centres as well as industries using nano-materials in complex manufacturing.

The BNNT product is by BNNT Technology employing Deakin University’s patented technology. Both PPK and Deakin are joint venture partners in BNNT Technology, with the latter owning a 49% interest.

The agreement will last for a period of 12 months, which excludes marketing and the sale of BNNT in the lithium-sulphur batteries space. PPK’s 48% owned subsidiary, Li-S Energy has exclusivity over those rights.

PPK Group previously noted that the significant potential of BNNT, however, the material could only be produced in small quantities. BNNT Technology is continuingly scaling up production efforts, recently adding a second 4 furnace module production unit. In addition, the company will install 2 new larger 6 furnace module production units.

It is assumed that the total BNNT production capacity will increase from 2 kilograms per week to 8 kilograms per week. Just as little as 2 years ago, only 1 kilo of BNNT could be produced per year.

Management commentary

PPK executive chair, Robin Levison commented:

This is a landmark deal for BNNTTL, being its first distribution agreement with an international company.

As a major shareholder in BNNTTL, PPK is highly cognisant of the potential for this relationship to broaden awareness of BNNTTL’s unique high purity BNNT in international markets.

…There is potential to employ BNNT in a revolutionary manner as a component of multiple other commercial products beyond its existing applications in lithium-sulphur batteries, ballistic protection and metal alloys to name just a few of its current uses.

We expect partnering with Filgen will accelerate BNNTTL’s penetration into new industries.

PPK share price snapshot

The PPK share price has shot up over the last year, moving around 340% higher for shareholders. Year-to-date performance stands at a gain of around 130%. 

PPK has a market capitalisation of close to $1.2 billion, with just a tad over 89 million shares on issue.

The post PPK Group (ASX:PPK) share price tumbles despite distribution agreement appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ASX reporting season is looming and insiders of some top-performing companies are showing confidence by buying shares ahead of the release.

Insiders are lucky enough to be privy to the intricacies of a company’s operations on a daily basis. That’s why when insiders buy or sell shares, investors usually pay close attention. Any recent transactions are particularly interesting as we enter the August reporting season.

Here’s a look at three ASX shares that have seen insider purchases in the past month or so.

Insiders are buying these ASX shares

Jumbo Interactive Ltd (ASX: JIN)

Online lottery operator Jumbo released a change of directors’ interest notice in the middle of July. Based on the supplied information, CEO and founder Mike Veverka gobbled up 10.050 shares worth nearly $166,000.

The Jumbo share price has been ascending since the COVID-19 crash in 2020. On 24 June 2021, the company set a new 52-week high of $18.56.

With the company set to report on 26 August, Veverka might be anticipating a positive reaction to its latest results.

Rural Funds Group (ASX: RFF)

Agricultural-focused Real Estate Investment Trust Rural Funds Group reported a handful of change of directors’ interest notices towards the end of July. These included the Chairman of the board Guy Paynter, CEO David Bryant, and independent non-executive director Michael Carrol.

Between the three of them, more than 416,000 shares were purchased. In dollar terms, we’re looking at approximately $1.027 million worth of shares in this ASX-listed company. Perhaps management thinks there’s more gas in the tank despite the share price already gaining 26.5% in the past year.

Rural Funds Group is expected to report its full-year earnings on 23 August.  

Carsales.Com Ltd (ASX: CAR)

Last on the list is the online automotive classifieds company, Carsales. According to a change of directors’ interest notice, non-executive director David Wiadrowski purchased 2,191 shares for $42,289 on 18 June 2021.

Interestingly, things have been fairly quiet over at Carsales since it completed its US$624 million capital raise to acquire US-based Trader Interactive. However, the uneventfulness will soon end for this ASX share with its full-year results earmarked for release on 16 August.

The Carsales share price has rewarded investors with a 20% return over the past 12 months. As a result, the company now boasts a market capitalisation of $6.21 billion.

The post 3 ASX shares insiders are buying ahead of reporting season appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of Jumbo Interactive Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Jumbo Interactive Limited and RURALFUNDS STAPLED. The Motley Fool Australia has recommended carsales.com Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bitcoin (CRYTPO: BTC) price is down 4% since this time yesterday, currently at US$38,173 (AU$51,585).

The world’s biggest crypto by market capitalisation managed to breach the psychologically important US$40,000 level again over the past 24 hours, trading as high as US$40,460. But it again failed to hold onto those gains.

Despite another slide, Bitcoin remains up 3% over the past week.

And crypto enthusiasts are eyeing potentially higher prices ahead, according to Simon Peters, market analyst and crypto expert at global online trading platform eToro.

Why these outflows could indicate improved sentiment

Peters notes that:

The crypto asset market is giving off bullish sentiment indicators at the moment. Bitcoin exchanges have seen massive outflows in balances, according to Glassnode, to the lowest levels since winter 2018.

So why are outflows a positive sign for Bitcoin?

“Such a move is usually seen as a bullish indicator as it shows investors are preferring to hold their BTC off exchange or invested elsewhere, rather than sit ready to be traded away,” says Peters.

If you’re unfamiliar with cryptos, you can think of exchanges as the debit and credit parts of your cash holdings. Those are ready to be used at any time. Pulling cryptos off exchanges is somewhat like taking your cash out of your bank account and storing it in a vault. It’s still there to be used, just not as readily.

Sounding a note of caution on Bitcoin’s price trajectory, however, Peters added:

The positive sentiment comes with a caveat, as crypto investors will be watching the progress of the bipartisan infrastructure bill passing through the US Congress at the moment. The bill currently has provision to tax crypto asset investment profits in the US to the tune of $28 billion.

Any move by the world’s biggest economy to slap a hefty tax on crypto profits could see a wave of selling before the law comes into effect.

How has Bitcoin performed this year compared to Ethereum?

Bitcoin was on a tear through the early months of 2021. It reached a record high of US$64,829 on 16 April. Though the token has lost 41% of its value since that peak, it remains up 31% year-to-date.

Ethereum (CRYTPO: ETH), the world’s second biggest crypto by market capitalisation, has also had a wild year. Ether hit its own all-time high of US$4,383 on 12 May. At the current price of US$2,477, Ether has lost 43% since that record high.

Year-to-date, however, Ether’s price gain of 243% still far outpaces Bitcoin.

The post How this global crypto exchange indicator is bullish for Bitcoin appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The ARB Corporation Limited (ASX: ARB) share price has been a winner on the charts over the last 3 weeks.

Whereas the S&P / ASX 200 Index (ASX: XJO) has posted a return of around 1% over the last week, ARB shares have climbed more than 7% into the green over that time. And that gain climbs to more than 16% over the last three weeks.

Here we cover the tailwinds behind ARB shares in the last few weeks.

Quick recap on ARB Corp

ARB is the largest manufacturer of four-wheel-drive accessories in Australia. Although it has a strong local presence, ARB also exports its products into more than 100 markets across the globe.

At the time of writing, ARB has a market capitalisation of $3.9 billion.

What’s been driving the ARB share price?

ARB last updated the market on 14 July, when it released its unaudited sales results for the year ended 30 June 2021.

The company advised it had recognised unaudited revenue of $623 million for FY21, signifying an approximate 40% year-on-year growth schedule.

According to the release, this carried through the income statement to record unaudited profit before tax “within the range of $145 million to $150 million”.

Both of these estimates came in well above the consensus of analyst expectations at 21% revenue growth and net profit of $94.4 million. The ARB share price soared on the news.

Moreover, the company expects to release its audited final results for FY21 on 17 August.

Positive sentiment

ARB says it “maintains a positive short-term outlook based on its consistently strong customer order book”, in line with results this year.

In addition to outperformance at the company level, analyst sentiment is positive around ARB shares.

For instance, Celeste Funds Management is bullish on the ARB share price. It says the Australian four-wheel-drive sales remain strong and the outlook appears positive, amid a myriad of other factors.

Eric Nguyen, analyst at Celeste, was quoted as saying: “ARB has an articulated product and partner strategy to significantly grow sales and earnings over the next 5-plus years.”

Nguyen also believes ARB shares continue to “offer compelling value” when examining underlying earnings over the next 5 to 10 years.

ARB share price snapshot

The ARB share price has posted a year-to-date return of 54%, extending the previous 12 month’s return of 142%.

Both of these returns have outpaced the broad index’s return of around 26% over the past year.

At today’s close, ARB shares were swapping hands for $47.78 apiece, up 0.08% on the previous closing price.

The post ARB (ASX:ARB) share price rides 16% higher in 3 weeks to 52-week high appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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One of the best ways to set yourself up for a comfortable retirement is by having a passive income stream that is both reliable and has the potential to grow over time.

Investing in companies that share their profits through dividend payments is up there as one of the most efficient ways of achieving this.

But which ASX shares could you buy for a retirement portfolio? Two highly rated shares to consider are listed below:

Adairs Ltd (ASX: ADH)

The first option to consider for a retirement portfolio is Adairs. It is a leading retailer of homewares and home furnishings in the ANZ market. As well as having a network of stores across Australia, it also has a strong presence online through its Adairs and Mocka brands.

Trading conditions have been very positive for the company this year. This is being driven by its strong market position, the housing market boom, and a redirection in consumer spending.

And while FY 2022 will be tough due to the company cycling heightened sales this year, Goldman Sachs is expecting a return to solid growth in FY 2023. It is also forecasting fully franked dividend yields above 6% between FY 2021 and FY 2023.

Goldman Sachs currently has a buy rating and $4.80 price target on its shares. This compares to the latest Adairs share price of $4.29.

Coles Group Ltd (ASX: COL)

Another option to consider for a retirement portfolio is this supermarket giant. Coles could be a top option due to its solid long term growth prospects, generous dividend policy, and defensive qualities.

The latter qualities have been on display for all to see over the last 18 months. This has underpinned very strong sales and earnings growth during the pandemic.

And while its growth will moderate now as it cycles elevated sales from the prior period, for the reasons mentioned above, Coles remains well-positioned over the long term. This should be supported by its focus on automation, which is expected to reduce costs notably and help grow its online business.

Goldman Sachs is also very positive on Coles. It currently has a buy rating and $20.70 price target on its shares. This compares to the latest Coles share price of $17.92.

The post Top broker names 2 ASX shares for retirees appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It was a flat open for the Chalice Mining Ltd (ASX: CHN) share price on Tuesday, up just 0.42% to $7.19 at the morning bell.

However, buying activity has picked up momentum, with shares in the exploration company currently trading 6.77% higher at $7.65.

What’s been driving the Chalice Mining share price?

Another high grade discovery

On Monday, Chalice announced its 12th high-grade zone from step-out drilling discovery at its Julimar Nickel-Copper-Platinum Group Element (PGE) project.

Chalice has been undergoing an extensive drilling program at Julimar since March 2020, where significant headway has been made in growing its PGE resource.

The company believes a maiden mineral resource estimate is on track for completion in Q4 2021.

The Chalice Mining share price opened 3.16% higher to $7.52 on the morning of the announcement but struggled to hold onto gains, closing 1.51% lower at $7.16.

Julimar – “a remarkable new discovery”

Chalice released its Diggers and Dealers Mining Forum 2021 presentation on Tuesday, bringing to our attention the “globally significant discovery” that is Julimar.

The presentation describes the project with multiple prospects including high grade nickel, copper, platinum, cobalt and gold.

Chalice believes its significant discoveries can position the company as an emerging “world-class, strategic deposit of critical, ‘green metals’ in a world-class jurisdiction” that is “highly leveraged to battery and hydrogen technology adoption”.

Many ASX shares in the resources sector have benefited from the tailwinds behind the renewable sector including major economies making firm commitments to target net-zero emissions and the rise in electric vehicles.

This has witnessed triple digit returns for ASX 200 lithium heavyweights including Pilbara Minerals Ltd (ASX: PLS) and Galaxy Resources Limited (ASX: GXY).

Large mining giants BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) have also opted for different paths to supply materials such as lithium, green hydrogen and potash to address the issue of climate change and decarbonisation.

The post Why the Chalice Mining (ASX:CHN) share price is surging 6% on Tuesday appeared first on The Motley Fool Australia.

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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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Crown Resorts Ltd (ASX: CWN) share price is gaining on the back of news Crown’s chair Helen Coonan plans to step down by the end of the month.

Counsel for Crown Michael Borsky broke the news to the Royal Commission into Crown’s suitability to hold to Melbourne’s casino licence.

It followed an announcement from Crown that the CEO of its Melbourne casino will be leaving his role on 20 August.

Right now, the Crown share price is $9.08, 1.68% higher than its previous close.

Let’s take a closer look at the latest news of Crown.

Coonan on the way out

The final day of the Victorian Royal Commission has been a big one for the Crown share price.

Crown’s closing submissions included news Crown’s chair plans to step down from her role.

Borsky stated Coonan plans to leave the company as soon as a suitable replacement is found. He said:

[Coonan] will announce her retirement as interim executive chair on all Crown boards as soon as Crown has appointed a new leader… Crown’s expectation is that a new leader will be appointed by the 31^st of August this year.

He also said that Crown doesn’t agree with counsel assisting the commission Adrian Finanzio’s views of Coonan’s suitability for her role. Borsky said:

Crown accepts that, as current leaders of Crown… their conduct has some relevance to your assessment of Crown’s suitability… No conduct by Ms Coonan has been identified by counsel assisting that reflects adversely on her character, honesty, or integrity.

Last month, Finanzio told the commission Coonan wasn’t the right person to conduct the reforms needed for Crown to be deemed suitable to run the Melbourne casino. The Crown share price fell 2.6% following Finanzio’s comments. He said:

Ms Coonan… cannot be the critical face of the change required at Crownif it is to remain the licensee… If Crown is to retain its licence, it would be open to the commissioner to make a finding that Ms Coonan is not a suitable associate of Crown Melbourne.

Crown share price snapshot

Today’s gains haven’t been enough to get the Crown share price back in the green.

Right now, the Crown share price is 5.45% lower than it was at the start of 2021. However, it is 4.4% higher than it was this time last year.

The post Crown (ASX:CWN) share price gains as Coonan plans to step down appeared first on The Motley Fool Australia.

More reading

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• Crown (ASX:CWN) share price slumps amid accusations against chair

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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