Business
Why AVITA, IDP Education, Over the Wire, & Viva Energy shares are dropping lower
The S&P/ASX 200 Index (ASX: XJO) has returned from the Christmas break in style and is storming higher. In late morning trade the benchmark index is up 0.65% to 6,708.7 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The AVITA share price is down 1% to $5.05. This regenerative medicine company’s shares have come under pressure this year for a couple of reasons. The first was the negative impact that COVID-19 has had on the company’s sales. The second was AVITA’s removal from the ASX 200 index at the most recent quarterly rebalance. This will have led to selling from index-tracking ETFs and fund managers.
The IDP Education share price has fallen…
-
General14 hours agoMatildas vs Slovenia live updates — blog, scores and stats from friendly at Perth Rectangular Stadium
-
Noosa News14 hours agoWhat has the premier changed about the Queensland government logo? Take the Brisbane Times Quiz
-
Business18 hours agoGuess which ASX mining stock is up 8% today and could rocket a further 200%
-
General20 hours agoCassius Turvey’s mother Mechelle details trauma at sentencing hearing for son’s murderers