Business
Why Bapcor, Event, Money3, & Tyro shares are dropping lower
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.3% to 6,654.9 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The Bapcor share price is down 3.5% to $6.84 despite there being no news out of the auto parts retailer. This latest decline means the Bapcor share price is now down a disappointing 16% since this time last month. Investors appear concerned that the COVID tailwinds it was experiencing may now ease given the prospect of vaccines being released in the near future. These tailwinds include an increase in domestic tourism and increased vehicle usage…
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