The S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. In afternoon trade, the benchmark index is up 0.3% to 8,591 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
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Catapult Sports Ltd (ASX: CAT)
The Catapult Sports share price is down 9% to $4.68. This is despite there being no news out of the sports technology company. However, it is worth noting that Japanese giant Fujitsu made an announcement yesterday which could potentially have some impact on Catapult's business. It has launched the Fujitsu Accelerator Program for SPORTS, which is "a global partner co-creation program aimed at fostering new innovation in the sports sector." One area of focus will be "data analysis and collection for team sports."
Collins Foods Ltd (ASX: CKF)
The Collins Foods share price is down 1.5% to $11.40. This follows the release of the KFC restaurant operator's half year results for FY 2026 this morning. Although Collins Foods delivered strong profit growth and upgraded its guidance, it wasn't enough for some investors. It seems that this and more were already priced in given its strong share price gain in 2025. Year to date, the Collins Foods share price remains up approximately 55%.
Guzman Y Gomez Ltd (ASX: GYG)
The Guzman Y Gomez share price is down almost 4% to $22.36. This burrito seller's shares have been under significant selling pressure this year. So much so, they are now down by approximately 45% since the start of the year. Valuation concerns and disappointing progress in the US market have weighed heavily on investor sentiment. It is also worth noting that Guzman Y Gomez is one of the most shorted ASX shares at present. At the last count, the company had 12.3% of its shares held short.
Pantoro Gold Ltd (ASX: PNR)
The Pantoro Gold share price is down 12% to $4.75. This has been driven by news that one of its largest shareholders has sold down its holding. This morning, the gold miner advised that Tulla Resources has sold 25.8 million shares in the company. Commenting on the sale, non-executive director and associate of Tulla Resources, Mark Maloney, said: "Tulla Resources has undertaken this sale as part of a strategy to return capital to its Principals and to free funding for its other resource projects. Tulla Resources retains a significant shareholding in Pantoro Gold, representing 6.11% of the register and is committed to the long-term success of the Company. At this time, we have no intention to sell any further shares. I will continue as a non-executive director and remain strongly supportive of the Company's growth strategy and future."
