The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has continued to push higher and in afternoon trade is up a solid 0.5% to 6,049 points.
Four shares which haven't been able to follow the market higher today are listed below. Here's why they have tumbled lower:
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has fallen 3.5% to $46.44 following the release of a trading update at its AGM yesterday. The mixed update didn't go down well with Deutsche Bank. Its analysts have retained their sell rating and $36 price target on the pizza chain operator's shares.
The National Australia Bank Ltd. (ASX: NAB) share price has fallen 3.5% to $30.53. Almost all of today's decline is related to its shares going ex-dividend this morning. Eligible shareholders can now look forward to receiving a 99 cents per share fully franked final dividend in their accounts on December 13. Looking for ideas of where to reinvest it? Then check these shares out.
The Santos Ltd (ASX: STO) share price is down 2.5% to $4.67 following the release of an investor update. The market appears to be a touch disappointed with its production guidance for 2018. Production is likely to remain relatively flat due to softness in its non-core assets.
The XERO FPO NZX (ASX: XRO) share price has tumbled 2.5% to $30.20 following the release of its first-half results. Although subscription revenue rose an impressive 38% to NZ$183 million during the half, investors appear to have been concerned by the underwhelming performance of its North American business.
