Business
Why Limeade, Oil Search, Platinum, & Whispir shares are sinking
In late morning trade on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. At the time of writing, the benchmark index is up 0.45% to 6,820 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are sinking:
The Limeade share price has continued its slide and is down a further 3% to 97 cents. Investors have been selling the employee experience software company’s shares since the release of its full year results last week. Investors appear disappointed with its guidance for FY 2021. Management expects revenue of US$50 million to US$53 million. This is a decline on FY 2020’s revenue of US$56.6 million. Falling customer numbers is weighing…
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