Jumbo (ASX:JIN) share price slides despite positive update

Jumbo Interactive Ltd (ASX: JIN) shares are trending lower despite the company advising it has launched a managed services business segment in Australia. During afternoon trade, the Jumbo share price has edged 0.69% lower to $14.49. However, it’s worth noting that at one point during intraday trading, Jumbo shares reached a high of $14.73 after the news broke.

Let’s take a look at what the online lottery ticket seller announced?

What did Jumbo announce?

The Jumbo share price is failing to stay afloat today after the company advised it has launched a managed services business catering to the Australian market. To complement the launch, Jumbo revealed that its foundation partners, Paralympics Australia and St John Ambulance…