Why Alumina, Delorean, Next Science, & Pushpay shares are tumbling lower

Next Science Ltd (ASX:NXS) and Pushpay Holdings Ltd (ASX:PPH) shares are two of four tumbling lower on Tuesday. Here's why…

| More on:
Two men react in shock at Evolution share price drop record profit

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and is edging lower. At the time of writing, the benchmark index is down slightly to 6,968 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are tumbling lower:

Alumina Limited (ASX: AWC)

The Alumina share price is down 3% to $1.75. Investors may have been selling the alumina company's shares due to concerns about falling prices. According to S&P Global, record high freight is impacting alumina prices. This led to S&P Global warning that alumina may be poised for a bumpy ride during the second quarter of 2021.

Delorean Corporation Limited (ASX: DEL)

The Delorean share price is down almost 17% to 35 cents. Investors appear to be taking profit after a very strong performance on Monday following the successful completion of its IPO. Delorean is in the renewable energy industry, selling power to retail and wholesale clients under the CleanTech Energy brand. It has aims to generate electricity and gas from organic waste that would otherwise end up in landfill.

Next Science Ltd (ASX: NXS)

The Next Science share price is down 6.5% to $1.40. The medical device company's shares have come under pressure following the release of its first quarter update. For the three months ended 31 March, the company reported unaudited revenue of US$2.2 million. While this was almost five times greater than the prior corresponding period, it was down slightly quarter on quarter.

Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price has fallen 3.5% to $1.78. This is despite there being no news out of the donation and community engagement platform provider's shares. However, prior to today, the Pushpay share price was up 25% since this time in January. This could have led to some profit taking from investors. Especially given the upcoming release of its full year results.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Nexus Energy Limited and PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

Bored man sitting at his desk with his laptop.
Share Fallers

Why Black Cat, CAR Group, Data#3, and Helia shares are falling today

These shares are ending the week in the red. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Bapcor, Fletcher Building, Inghams, and Yancoal shares are falling today

These shares are having a tough time on Thursday. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Capital Raising

Why did this ASX All Ords defence stock crash 22% today?

Investors seem to be rather furious at this stock.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Breville, Flight Centre, Orica, and ResMed shares are dropping today

These shares are having a tough time on hump day. What's happening?

Read more »

A bored woman looking at her computer, it's bad news.
Share Fallers

Why Brickworks, Nickel Industries, Polynovo, and Qantas shares are sinking today

These shares are having a difficult time on Tuesday. But why?

Read more »

plummeting gold share price
Gold

This $3 billion ASX 200 gold stock just crashed 15%! Here's why

Investors are punishing the ASX 200 gold stock today. But why?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Capricorn, CBA, Endeavour, and Polynovo shares are tumbling today

These shares are ending the week in the red. But why?

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Fallers

Why Appen, Mesoblast, Rio Tinto, and Woodside shares are falling today

These shares are falling more than most on Thursday. But why?

Read more »