JB Hi-Fi (ASX:JBH) share price sinks lower on broker downgrade // Motley Fool Australia

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The JB Hi-Fi Limited (ASX:JBH) share price is sinking lower on Wednesday after being downgraded by a leading broker...
Motley Fool Australia » Share Fallers » JB Hi-Fi (ASX:JBH) share price sinks lower on broker downgrade

The JB Hi-Fi Limited (ASX: JBH) share price is out of form again on Wednesday and is sinking lower.

In afternoon trade the retailer's shares are down 5% to $44.20.

This means the JB Hi-Fi share price is now down almost 17% from the all-time high it reached just three weeks ago.

Why is the JB Hi-Fi share price sinking lower?

Investors have been selling the retailer's shares this week amid news that there could soon be an effective COVID-19 vaccine rolled out globally.

As backwards as it might sound,…
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