CSL 1.77% $300.27 csl limited

Why the big drop

  1. 1,995 Posts.
    lightbulb Created with Sketch. 27
    Any thoughts as to why CSL is dropping more than the broader market?
    CBA back up 2% today but CSL continuing the slide.

    Healthcare stocks in the US are being sold off due to a pending Supreme Court ruling, but that seems like a lot of bureaucratic BS. So maybe CSL is getting caught up in that.

    Can't see any company specific downside with regard to Brexit.

    CSL tends to to be a defensive stock in troubled times.

    Price has been on a terrific run of late so maybe just some profit taking.

    Thoughts?
 
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