CSL Ltd (ASX: CSL) shares are finally showing signs of life after a brutal year for one of the ASX’s former market darlings.
At the time of writing, the CSL share price is up 1.39% to $99.27.
That puts the stock more than 5% higher over the past week, giving shareholders a bit of relief after months of heavy selling.
Still, there’s a long way to go.
CSL shares remain down almost 60% over the past 12 months.
It’s worth noting that the stock hit a decade low of $90 last week before buyers stepped back in.
So, has the CSL share price finally found a floor?
Image source: Getty Images
Why CSL has fallen so far
The pressure on CSL has been building for a while.
Investors have been dealing with weaker earnings momentum, guidance cuts,…
