Business
Why Atomos, Corporate Travel Management, Fortescue, & Nick Scali are dropping lower
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a high. The benchmark index is currently up 0.3% to 6,730.4 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The Atomos share price has dropped 4% to $1.03. Investors may be taking profit after a strong gain by the video technology company’s shares on Thursday following the release of a trading update. That update revealed that Atomos achieved sales of $32.6 million during the first half. This was well ahead of its previous guidance of ~$28 million.
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price has fallen 2% to $16.97. A…
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