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Why these 4 ASX shares have been crushed today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is up 0.1% to 5,845 points after giving back its strong early gains.

Four shares which have acted as a drag on the market today are listed below. Here’s why they have been crushed:

The National Australia Bank Ltd, (ASX: NAB) share price has tumbled 3.5% to $31.45 today. The majority of today’s decline can be attributed to its shares going ex-dividend. NAB’s interim dividend is a fully franked 99 cents and will be paid on July 5.

The Sirtex Medical Limited (ASX: SRX) share price has fallen 4% to $14.83 despite there being no news out of the biotechnology company. Following today’s decline, the Sirtex share price has now fallen a massive 52% in the last 12 months.

The Vita Group Limited (ASX: VTG) share price has continued its decline, this time by 6% to $1.29. Incredibly, the shares of the operator of Telstra Corporation Ltd (ASX: TLS) retail stores have now lost 39% of their value in just the last five trading days. Concerns over its ongoing negotiations with the telco giant are behind this latest decline.

The Vocus Group Ltd (ASX: VOC) share price has dropped almost 4% to $2.35. This latest decline means the fast-growing telco giant’s shares have now fallen 73% in the last 12 months. Whilst I think the company could have a bright future, with short interest continuing to rise, I would suggest investors hold off an investment until its full-year results have been announced.

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The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of National Australia Bank Limited and Telstra Limited. Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Vocus Communications Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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