Business
Why Douugh, Janus Henderson, Northern Star, & Orocobre are dropping lower
In afternoon trade on Friday, the S&P/ASX 200 Index (ASX: XJO) is on track to record a strong gain. At the time of writing, the benchmark index is up a sizeable 0.85% to 6,822.1 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:
The Douugh share price is down 3% to 16.5 cents after returning from a six-week suspension. The financial app company’s shares were down as much as 18% at one stage before recovering to current levels. Investors appear concerned with the progress (or lack thereof) of its app and an ASX investigation into listings breaches. This morning Douugh revealed that the profit from the sales of breached shares will be donated to…
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