Business
Why Cleanaway, Crown, Pro Medicus, & Vulcan shares are tumbling lower
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and stormed higher. At the time of writing, the benchmark index is up 0.6% to 6,811.6 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:
Cleanaway Waste Management Ltd (ASX: CWY)
The Cleanaway share price is sinking 8% lower to $2.39. This morning the waste management company announced the exit of its CEO, Vik Bansal. According to the release, the board and Mr Bansal mutually agreed that it was the right time for Cleanaway to move forward under new leadership. Mr Bansal came under pressure last year amid allegations of misconduct in the workplace.
The Crown share…
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