Business
Why the Austal (ASX:ASB) share price got torpedoed today – The Motley Fool Australia
The Austal Limited (ASX: ASB) share price sank to a two-year low this morning after its US boss walked the plank. Here’s what you need to know.
The Austal Limited(ASX: ASB) share price sank to a two-year low this morning after its US boss was walked the plank.
The Austal share price slumped 19% to $2 at the time of writing – making it the worst performer on the S&P/ASX 200 Index (Index:^AXJO).
The second worst performer is the Perenti Global Ltd(ASX: PRN) share price with its 11% fall from grace and Afterpay Ltd(ASX: APT) share price losing around 8%.
Mismanagement allegations sink Austal’s share price
Nothing sinks a ship faster than governance…
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