Why AVZ, Kogan, Panoramic, and Redbubble shares are sinking

These ASX shares are falling on Tuesday…

| More on:
Man stands with head on his hands in front of a downward graph.

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 dropped into the red. At the time of writing, the benchmark index is down 0.15% to 7,405.8 points.

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

AVZ Minerals Ltd (ASX: AVZ)

The AVZ share price is down 7.5% to 80 cents. This is despite there being no news out of the lithium explorer. However, it is worth noting that the AVZ share price has more than quadrupled in value over the last 12 months. This could have led to some investors taking a bit of profit off the table on Tuesday.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is down a further 6.5% to $7.47. Investors have been selling this ecommerce company's shares following another disappointing update from a peer (more on that below). This follows an update from the Wesfarmers Ltd (ASX: WES) owned Catch business on Monday which revealed sales growth of just 1% during the first half.

Panoramic Resources Ltd (ASX: PAN)

The Panoramic Resources share price is down 2% to 27 cents. This morning analysts at Morgans downgraded this miner's shares to a hold rating with a 28 cents price target. The broker doesn't see enough value in its shares following a strong gain over the last 12 months.

Redbubble Ltd (ASX: RBL)

The Redbubble share price has crashed 21% to $2.36. Investors have been selling this ecommerce company's shares following the release of a disappointing trading update. The heavily shorted company reported gross transaction value (GTV) of $381 million, down 14% decline over the prior corresponding period. Things got worse for its earnings, with EBITDA crashing 84% to just $8 million. Increased competition in the second quarter weighed heavily on its margins.

Should you invest $1,000 in Future Generation Global Investment Company right now?

Before you buy Future Generation Global Investment Company 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 Future Generation Global Investment Company 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's parent company Motley Fool Holdings Inc. owns and has recommended Kogan.com ltd. The Motley Fool Australia owns and has recommended Kogan.com ltd. 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 »