Business
Why Kogan, Oil Search, Orica, & Soul Pattinson shares are dropping lower
The S&P/ASX 200 Index (ASX: XJO) has fought back from a weak start and is on course to end the week on a positive note. In afternoon trade the benchmark index is up 0.2% to 6,559 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The Kogan share price is down over 2% to $17.91. This morning the ecommerce company held its annual general meeting and defended the issuing of options to its CEO and CFO. The options were narrowly approved by shareholders. However, its renumeration report was given a first strike with 43.74% votes against it. Kogan also provided a trading update which revealed that its strong growth has continued during the first four months of…
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