EOS Shares Swing More Than 20% To Close Week Down Double Digits
Electro Optic Systems (ASX: EOS) delivered the biggest contract announcement in its history on Friday, but it almost looks like someone forgot to tell the market, after an intraday reversal left the stock down more than 4% on the day. The EOS share price rallied strongly out of the gate to an all-time high of…
Firmus IPO Officially Shelved: Here’s Why
This week has seen plenty of toing and froing with the Firmus IPO, which has now been officially been shelved, putting a firm pause on what would have been one of the largest listings in Australian history. Institutional markets rejected the aggressive pricing, as the gap between private valuations and public markets became apparent. Yesterday…
CBA Shares Slide Back Below A$150 as Bear Market Territory Looms
CBA shares (ASX:CBA) have fallen below the A$150 level, sitting just over a dollar away from a fresh 52-week low, as macro headwinds continue to bite a chunk out of some of Australia’s leading names. The CBA share price will head into this final trading session of the week at A$148.12, a level that places…
ASX 200 Negative on Year, Defensives In Favour Ahead of Weekend
The ASX 200 will head into the final trading session of the week at 8,660.90, in what has been a mixed week of defensive trading, with rising bond yields, and persistent inflation keeps broad market optimism in check. The S&P/ASX 200 shed 0.77% on Thursday, extending a two-day losing streak that followed back-to-back gains earlier…
Elevra Lithium Shares Down 63% In Five Months: The Latest Look
Elevra Lithium shares (ASX: ELV) fell 4.04% to close yesterday’s session at A$4.99, pushing the company’s market cap below the A$1 billion level to A$965.92 million. A landmark spodumene supply agreement with battery heavyweight LG Energy Solution failed to arrest the sell-off in Elevra Lithium shares, which now sit 63.06% lower in the past five…
Boss Energy Shares Downgraded To Sell, In Uranium Shake Up
Boss Energy shares (ASX:BOE) were just hit with a downgrade to Sell, as analysts at Goldman Sachs simultaneously raise Paladin Energy to Neutral, following a difficult day in both stocks. The Boss Energy share price closed Thursday’s session down 4.43% at A$1.51, while Paladin Energy shares (ASX: PDN) fell 6.34% to finish at A$8.71. The…
Rio Tinto Shares Hit Resistance at Key Moving Average, Down 9.68% on Month
Rio Tinto’s shares (ASX: RIO) have been struggling to find their footing in recent weeks, trading between technical resistance and a closely watched support floor that has kept momentum at a premium. The RIO share price heads into the final trading session of the week at A$161.97, following a 2.86% pullback yesterday that has undone…
Lovisa Holdings Fall Back As Markets Digest Leadership Shift
Lovisa Holdings shares (ASX: LOV) fell 9.15% on Thursday after the fast-fashion jewellery retailer confirmed the resignation of its long-serving Group Chief Financial Officer, Chris Lauder. The Lovisa share price will head into the open at A$22.44 after the drop, as the announcement triggered a broad selloff that once again saw the stock rejected near…
Paladin Energy Down 25% in a Month, Bringing a Valuation Focused Upgrade
Paladin Energy shares (ASX: PDN) have been under pressure over the past month, giving Goldman Sachs reason to abandon its bearish stance on the stock, with an upgrade to Neutral that suggests a healthy perceived upside from here. The Paladin Energy share price has given back 25.36% over the past month, sliding to A$8.71, with…
Three Financial Stocks Moving In Opposite Directions: The Latest Look
It has a contrasting 2026 for three particular ASX financial stocks so far, with Netwealth (ASX: NWL) and Hub24 shares (ASX: HUB) falling 33.95%, and 32.8% respectively to multi-year lows, whilst AMP shares (ASX: AMP) have added 31.69% to 8 year highs before recent consolidation. UBS has taken a view on the three, upgrading the…
