Written by Brendan Simpkins
REA Group Limited’s share price has taken another hit today as it has fallen 2% at the time of writing.
REA closed yesterday with its shares worth 52.80 AUD on the ASX but currently sits at 51.64, down a dollar and sixteen cents.
The group had been on an upward trajectory after an up and down start to the year, culminating in a yearly high of 65.27 AUD to close out the month of July.
But REA shares have been on the decline over the last three months, falling almost 10 dollars since August 15.
48.10 in early Febuarary remains the yearly low for REA, but it is not out of the question that this will be surpassed in the coming weeks as shares continue to plummet.
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