市场见解

Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling

These ASX shares are in the red on Tuesday…
The post Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling appeared first on The Motley Fool Australia. –

The S&P/ASX 200 Index (ASX: XJO is back on form and on course to record a strong gain. In afternoon trade, the benchmark index is up 0.75% to 7,346.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are tumbling:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 2% to $82.60. This is an improvement from earlier in the day when the payments company’s shares tumbled to a new 52-week low of $80.21. This followed another heavy decline from the Square share price overnight. This decline devalued the takeover offer that Afterpay shareholders voted in favour of last week.

Humm Group Ltd (ASX: HUM)

The Humm share price is down 5% to 86.5 cents. This appears to have been driven by profit taking after a strong gain on Monday. Investors were buying the financial services company’s shares after it revealed that it has received approaches from third parties to acquire all or part of it. No further details were provided but management intends to engage with the would-be suitors.

Namoi Cotton Ltd (ASX: NAM)

The Namoi Cotton share price is down 10% to 46 cents. Investors have been selling this cotton producer’s shares after it warned that 2022 could be a difficult year. Namoi Cotton advised that cotton growing areas in NSW and Queensland have experienced flooding in November and December which may result in a loss of crops.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 11% to $2.46 after downgrading its production guidance. The lithium miner revealed that delays have been experienced with both the Ngungaju Plant re-start and Pilgan Plant Improvements Project. As a result, its FY 2022 concentrate production guidance has been downgraded to 400,000 to 450,000 dmt from 460,000 to 510,000 dmt.

The post Why Afterpay, Humm, Namoi Cotton, and Pilbara Minerals shares are falling appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why is the Zip (ASX:Z1P) share price outperforming Afterpay today?

Why is the Pilbara Minerals (ASX:PLS) share price crashing 10% lower today?

ASX 200 (ASX:XJO) midday update: Magellan rebounds, Pilbara Minerals sinks

These 3 ASX 200 shares are topping the volume charts on Monday

Why Australian Clinical Labs, Humm, Neometals, and Viva Energy are rising

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended AFTERPAY T FPO. The Motley Fool Australia owns and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!