The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) is trading firmly in positive territory today, largely on the back of an impressive profit upgrade from CSL Limited (ASX: CSL).
The benchmark index has managed to climb 0.28%, or 16 points, to 5,694 points.
Four shares that have totally missed out on today's gains include:
Carsales.Com Ltd (ASX: CAR)
Shares of Carsales have fallen 2.1% today after the company announced that its long-serving CEO and Managing Director, Greg Roebuck, will be retiring from his position. Mr Roebuck co-founded the business in 1997 and has held the top job since 2002. He will now be replaced by the company's current Chief Operating Officer (COO), Cameron McIntyre, effective 17th March 2017.
Bellamy's Australia Ltd (ASX: BAL)
Shares of Bellamy's have continued their recent downward spiral today, losing another 2.2% to $3.94. It comes after the company officially responded to a number of proposals from its largest shareholder, Black Prince Private Foundation, including the removal of four directors from the board. Unsurprisingly, the board has unanimously recommended that shareholders vote against all resolutions proposed. Shareholders will have the opportunity to vote at an extraordinary general meeting (EGM) to be held on the 28th of February.
Yowie Group Ltd (ASX: YOW)
Shares of Yowie have plunged more than 9% today after the company released a weaker-than-expected December quarterly update. Despite making positive progress on a number of fronts, investors have been left disappointed with a decline in second quarter sales as a result of manufacturing disruptions. Nonetheless, management have pointed to a much stronger second half and continue to believe the company will double its revenue in FY17.
Vocus Group Ltd (ASX: VOC)
Shares of Vocus have fallen 3.3% today, despite the absence of any news from the company. Investors are still clearly sceptical about the company's ability to deliver on its recently updated profit guidance and many investors are likely to be waiting on the sidelines until the company reports its first half results in February. Interestingly, Vocus is now the sixth most shorted company on the ASX with around 10.8% of shares in the hands of short sellers.
