Why a2 Milk, Atlas Arteria, Audio Pixels, & Nickel Mines shares are sinking

A2 Milk Company Ltd (ASX:A2M) and Nickel Mines Ltd (ASX:NIC) are two of four ASX shares sinking lower on Tuesday…

| 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

The S&P/ASX 200 Index (ASX: XJO) is on course to end the day with a decline. In afternoon trade, the benchmark index is down 0.3% to 7,023.3 points.

Four ASX shares that have fallen more than most are listed below. Here's why they are sinking:

A2 Milk Company Ltd (ASX: A2M)

The a2 Milk share price is down a further 3.5% to $6.91. Investors continue to sell this infant formula company's shares amid concerns that it will fall short of its downgraded guidance in FY 2021. This is due to signs of discounting by Australian retailers and weak prices on Chinese ecommerce platforms.

The Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is down 2.5% to $5.96. This toll road operator's shares have come under pressure today after revealing that the Virginia State Corporation Commission (SCC) has rejected its request to increase tolls on the Dulles Greenway. Atlas was seeking a rise of 6% this year and 6.5% next year. However, the Virginia SCC will leave the price at $5.80 for the next two years.

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price has sunk 11% to $23.00. This follows the release of the speaker development company's quarterly update. Within that update, Audio Pixels revealed that the semiconductor shortage had a dramatic impact on the packaging of its chips. This means the demonstration of its technology has been pushed back yet again until the end of the current quarter. Audio Pixels has been promising this technology for around 15 years now.

Nickel Mines Ltd (ASX: NIC)

The Nickel Mines share price has crashed 15% to $1.09 following the release of its quarterly update. For the three months ended 31 March, Nickel Mines reported quarterly production of 10,067.5 tonnes of nickel metal. This was down 12.7% from the December 2020 quarter. In addition, higher costs and lower sales volumes led to the company reporting a 29.2% decline in EBITDA to US$50.7 million.

Should you invest $1,000 in Endeavour Group Limited right now?

Before you buy Endeavour Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Endeavour Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended A2 Milk. 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

Oil worker using a smartphone in front of an oil rig.
Energy Shares

ASX 200 energy shares plunge on shock OPEC move

ASX 200 energy shares like Woodside and Santos are tumbling on Monday. Let’s find out why.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Brainchip, Helia Group, Reliance Worldwide, and Westpac shares are dropping today

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

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

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 Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

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

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Brainchip, Catalyst Metals, Northern Star, and Pact Group shares are tumbling today

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

Read more »