The Corporate Travel Management Ltd (ASX:CTD) share price is still struggling

Investors staged an exodus last week after VGI Partners produced a scathing short sellers report on Corporate Travel Management Ltd (ASX: CTD).

| More on:
a woman

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 Corporate Travel Management Ltd (ASX: CTD) share price is on watch today after booking a 26.5% decline last week to earn the title of the worst performing S&P/ASX 200 share.

Investors staged an exodus after hedge fund VGI Partners produced a scathing short sellers report, identifying significant concerns it had about the company's operations.

Corporate Travel's response was swift and comprehensive, but CTD shares have kicked off the trading week in the red today regardless – down 3.8% to $19.54 at the time of writing.

Other poor performers from last week to keep an eye out for today include Seven West Media Ltd (ASX: SWM) and its sector cousin Nine Entertainment Co Holdings Ltd (ASX: NEC).

Seven West shares are up 1.5% to 77c per share at the time of writing with Nine shares still on the slide by 2.2% to $1.65.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management 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 Scott Phillips.

More on Share Market News

A man cheers after winning computer game while woman sitting next to him looks upset.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy end to the trading week today.

Read more »

Three business people stand on platforms in the desert and look out through telescopes.
Best Shares

1 ASX dividend share set to excel long term, even while down 13%

Good quality shares don't often sell off at this margin.

Read more »

Two people comparing and analysing material.
Broker Notes

Buy, hold, sell: Netwealth, Santos, and South32 shares

Morgans has given its verdict on these shares following updates.

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
Share Gainers

Why Life360, Northern Star, Objective Corp, and Rox shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman sits on sofa pondering a question.
Share Market News

Insignia Financial responds to ASX on disclosure and governance

Insignia Financial updates shareholders on ASX compliance and new governance controls around performance rights disclosure.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Capstone Copper, Dateline, DroneShield, and Lindian shares are falling today

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

Read more »

Business man at desk looking out window with his arms behind his head at a view of the city and stock trends overlay.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

2 people using their iPhones
Share Market News

Life360 posts record Q4 as revenue and EBITDA top guidance

Life360 reported record Q4 user and subscriber growth, with full-year revenue and EBITDA set to exceed guidance.

Read more »