Business
Why JB Hi-Fi, Link, Ramelius, & St Barbara shares are tumbling lower
The S&P/ASX 200 Index (ASX: XJO) is back on form on Wednesday. In afternoon trade, the benchmark index is up a sizeable 0.45% to 7,064.9 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:
The JB Hi-Fi share price has fallen 3.5% to $45.81. This follows the release of a third quarter sales update and news that its CEO is leaving. Richard Murray is leaving the retail giant to take up the same position at the Premier Retail business owned by Premier Investments Limited (ASX: PMV). Mr Murray has been JB Hi-Fi’s CEO since 2014.
Link Administration Holdings Ltd (ASX: LNK)
The Link share price has tumbled 6% to $4.96. This morning the administration…
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