CSL Ltd (ASX: CSL) shares are still drifting lower, with the selling pressure showing little sign of easing.
At the time of writing, the CSL share price is down 0.72% to $128.26. Earlier in the session, it slipped to $127.85, marking a new 9-year low.
That extends what has already been a steep decline. CSL shares are now down close to 50% over the past 12 months, a rapid reversal for a stock that was once among the ASX’s most reliable performers.
Not long ago, CSL traded above $300 in January 2020 and spent much of the following years hovering around that level, holding its place as a market leader until around August 2024.
So, what has changed, and can the share price ever get back there?
Image source: Getty Images
