The S&P/ASX 200 Index (ASX: XJO) is having a good start to the week. At the time of writing, the benchmark index is up 0.2% to 8,791.6 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
4DMedical Ltd (ASX: 4DX)
The 4D Medical share price is down a further 11% to $1.48. This respiratory imaging technology company's shares have come under pressure in recent sessions amid profit taking from some investors. They have been selling shares after 4DMedical shares rocketed higher amid news that its ventilation-perfusion product, CT:VQ, has received U.S. Food and Drug Administration (FDA) 510(k) clearance. Despite the recent selling, the company's shares remain up 175% since this time last month.
New Hope Corporation Ltd (ASX: NHC)
The New Hope share price is down 5.5% to $3.96. This has been driven by the coal miner's shares going ex-dividend this morning. Earlier this month, New Hope released its full year results and declared a fully franked final dividend of 15 cents per share. This will be paid to eligible shareholders next month on 8 October.
Regis Healthcare Ltd (ASX: REG)
The Regis Healthcare share price is down 25% to $6.92. This morning, the aged care operator revealed that it has been busy reviewing the changes announced by the Australian Government earlier this month to residential aged care funding. Unfortunately, Regis Healthcare expects to be negatively impacted by the changes, highlighting that the funding changes do not sufficiently offset anticipated increases in staff cost. In light of this, management is guiding to underlying EBITDA in the range of $130 million to $135 million. This represents only modest growth of 3% to 7% on FY 2025's EBITDA.
Viva Energy Group Ltd (ASX: VEA)
The Viva Energy share price is down almost 9% to $1.80. This morning, this fuel retailer revealed that it is making changes to the leadership of the Convenience and Mobility (C&M) business. According to the release, current C&M CEO Jevan Bouzo has resigned and will leave the company at the end of the year after transitioning to new leadership. He led the acquisition of Coles Express, OTR Group, and Liberty Convenience. Viva Energy's CEO, Scott Wyatt, said: "Jevan's decision to resign comes after the critical consolidation and integration has been completed and with sufficient time to transition leadership to an interim CEO ahead of the busy trading period. He has agreed to support the business through to the end of the year while we commence a search for a new leader with deep retail experience."
