The
S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is on course to record a solid gain. At the time of writing, the benchmark index is up 1% to 7,323.1 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling lower:
The Altium share price is down 5% to $32.86. Investors have been selling the electronic design software platform provider’s shares after Autodesk walked away from takeover talks. The US software giant told Reuters: “We are not commenting on matters with Altium but can confirm that acquisition discussions have ceased at this time.” Investors appear to have been hoping Autodesk would return with an improved offer after Altium rejected its original $38.50 per share proposal.
The Blackmores (ASX:BKL) share price is up 9% in two weeks: Can it go higher?
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
Young Greenock musician gifted electro-acoustic guitar
greenocktelegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greenocktelegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Best Advice for Investing in China: Play the Hits
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Jailed in Liverpool: Neck slashing paedophile, bent copper and coked up mum
An overview of Liverpool court cases and those jailed for crimes linked to Merseyside
05:00, 19 JUL 2021
These are the faces of 16 people locked up for crimes linked to Merseyside this past week.
One judge sentenced a bent copper who betrayed his badge and the public he was supposed to serve by battering a man then covering it up with three crooked colleagues.
Courts heard about rapists who subjected victims to brutal ordeals then made them relive the horror during trials.
Another judge had to sentence a man who stabbed his own sister in the neck during a row about how he cared for their dementia suffering mum and finances.