Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Orora Ltd (ASX: ORA)

The Orora share price is down 20% to $1.57. Investors have been selling this packaging company's shares following the release of a trading update. Partly due to the war in the Middle East, Orora's Saverglass has been underperforming expectations. Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from its previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros. It notes that shipping routes and overland access have been disrupted in the Middle East, forcing Orora to transition its facility into a closed-loop hot operation. This means the furnace is kept running, but no bottles are produced.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is down 8% to $3.69. This morning, this almond producer revealed the surprise resignation of its CEO, David Surveyor, after three and a half years leading the company. The release notes that Mr Surveyor will remain with the company to work through his six-month notice period and assist with an orderly transition. Surveyor commented: "It has been a privilege to lead Select Harvests over the past three years. I am proud of the transformation we have achieved together. Our people have lifted strategy and execution across the business, from improving our horticultural practices to step changing our processing capability and redefining our approach to market."

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 17.5% to 26 cents. This has been driven by the completion of the institutional component of an equity raising. The natural gas company has raised US$103 million (A$147.1 million) of gross proceeds via a registered underwritten public offer. Tamboran Resources' CEO, Todd Abbott, said: "We are entering what will be the most active two‑year period in the Beetaloo Basin to date, including the delivery of first gas sales in the third quarter of 2026 and the continued delineation of gas resources across our Beetaloo East and Beetaloo West acreage."

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 10% to $38.92. This is despite there being no news out of the logistics solutions software provider on Thursday. However, it is worth noting that the tech sector is a sea of red today, with heavy declines being seen across the board. This has led to the S&P/ASX All Technology index dropping a sizeable 4.5%.

The post Why Orora, Select Harvests, Tamboran, and WiseTech shares are sinking today appeared first on The Motley Fool Australia.

In early afternoon trade, the Tamboran share price is down a massive 17.46% to 26 cents, following a major funding update.

The move stands out even more given the stock remains up 60% over the past 12 months, driven by rising confidence in its Beetaloo Basin gas plans.

Today's sell-off suggests investors are weighing the dilution from the capital raise against the company's next phase of growth.

Let's take a closer look.

Big capital raise completed as trading resumes

According to the release, Tamboran has completed the US public offer and institutional entitlement component of its latest equity raise.

The company secured gross proceeds of US$103 million from the underwritten public offer, equivalent to roughly $147.1 million. This was alongside a further $86 million through the institutional entitlement offer.

That lifts funds already locked in to about $233 million, with the retail entitlement offer still to come. Eligible retail holders can subscribe for 1 new CDI for every 20 held at 25 cents each, with the offer closing on 27 April.

With the new CDIs priced well below the last traded price of 31.5 cents before the halt, the market now has a clear short-term pricing reference.

Tamboran said the proceeds will be used to fund additional drilling in the Pilot Area and drilling in EP 161. Funds will also go toward further resource delineation across the Orion acreage and Beetaloo Central Development Area, as well as working capital and general corporate purposes.

Management says Beetaloo buildout is accelerating

Chief Executive Officer Joel Riddle said the raise supports what is expected to be the company's busiest development phase yet.

Management said the funds should support Beetaloo Basin operations through to 2028, including lifting capacity above the contracted 40 terajoules a day.

The company also said first gas sales remain targeted for the September quarter of 2026, alongside continued appraisal work across its acreage.

That gives investors a clearer view of what the dilution is funding and which commercial milestones are coming next.

Foolish Takeaway

The discounted raising appears to be the main reason for the sell-off, though broader market weakness is also adding pressure today.

A discounted raising of this size will often weigh on the share price in the short term, especially after such a strong 12-month run.

Even after the 17% drop, Tamboran remains up 60% over the past year, which shows investors are still backing the Beetaloo growth opportunity.

The next thing to watch is whether the newly funded drilling program can keep first gas timelines and development momentum on track.

The post Why this ASX energy stock just crashed 17% after a blockbuster year appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are falling:

KMD Brands Ltd (ASX: KMD)

The KMD Brands share price is down 55% to 7 cents. Investors have been selling the Kathmandu and Rip Curl owner's shares after it raised funds to recapitalise. The company's placement and institutional entitlement offer raised combined gross proceeds of approximately $44.2 million at an offer price of NZ$0.06 per new share. KMD's CEO and managing director, Brent Scrimshaw, said: "We are pleased with the support for the institutional component of the equity raising. The raise will strengthen KMD's balance sheet and position us to continue executing our Next Level transformation. We now look forward to inviting our retail shareholders to participate in the equity raising."

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 10% to 30 cents. This morning, the energy explorer announced flow rates from the Shenandoah South 6H. Despite the market's negative reaction to the results, the company's CEO, Todd Abbott, was pleased. He said: "The SS‑6H flow test has safely and successfully delivered the technical information we were seeking, with the well demonstrating strong, stable performance and low decline characteristics. Over the last five days of the test, we noted behavior of the gas rate similar to the performance of the SS2H ST1 well. This aligns with our view that these wells will continue to clean up with extended production testing and deliver shallower decline profiles in early production."

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is down 1.5% to $9.09. This may have been driven by profit taking from some investors after strong gains over the past 12 months. During this time, the coal miner's shares have risen over 70%.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 4% to $38.82. Investors have been selling WiseTech Global and other ASX tech stocks today after Donald Trump gave an update on the US-Iran war. It seems that optimism that the war could end very soon is fading, which has led to oil prices rebounding and sentiment shifting negatively. This has led to tech stocks reversing much of the strong gains they made on Wednesday. According to CNBC, Trump has said the U.S. is going to "hit" Iran "extremely hard" over the next two or three weeks.

The post Why KMD, Tamboran Resources, Whitehaven Coal, and WiseTech Global shares are falling today appeared first on The Motley Fool Australia.

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 4DMedical share price is down 6% to $4.34. This is despite there being no meaningful news out of the medical technology company. However, with its shares up over 700% since this time last year, there could be some profit taking going on from some investors today. In other news, 834,103 new shares were issued today by the company as part of the option underwriting agreement it entered into with Bell Potter. They had an issue price of $1.365 per new share, which is significantly lower than the current share price.

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down 3% to $3.89. This could also have been driven by profit taking from some investors. The counter drone technology company's shares remain up over 25% since the start of the year despite this pullback. On a 12-month basis, DroneShield shares are up over 400%.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is down 5.5% to $14.83. Investors have been selling this retail conglomerate's shares after it released a trading update. The Supercheap Auto, BCF, Rebel, and Macpac owners revealed that it expects to report a 4.2% increase in total sales to a record of $2.2 billion for the first half. However, due to margin pressures from discounting, Super Retail's normalised profit before tax is expected to be $172 million to $175 million. This is a reduction from $186 million in the prior corresponding period and $206 million a year before that.

Tamboran Resources (ASX: TBN)

The Tamboran Resources share price is down 5% to 19.5 cents. This is despite the independent natural gas exploration and production company announcing the appointment of its new CEO this morning. Tamboran revealed that Todd Abbott has been appointed to the top job, effective 15 January. He has over 25 years' upstream oil and gas experience spanning unconventional shale operations, business planning, corporate finance, and strategy. The company's chair, Richard Stoneburner, said: "Todd brings over two decades of upstream experience with a strong record of operational leadership, capital discipline, safety and stewardship. His background at Seneca, Marathon and Pioneer demonstrates an ability to improve productivity while lowering costs, which aligns with our focus on safe and efficient execution and delivering value for shareholders from our Beetaloo Basin development."

The post Why 4DMedical, DroneShield, Super Retail, and Tamboran shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

29Metals Ltd (ASX: 29M)

The 29Metals share price is down 22% to 41.5 cents. This follows the release of the struggling copper miner's quarterly update. Copper production rose 3.6% quarter on quarter to 5.8kt, whereas zinc production sank 84% to 2kt. This was driven by restricted access to high-grade zinc stopes due to the impacts of seismic activity. The miner also reported a jump in all-in sustaining costs for the quarter. 29Metals' CEO, James Palmer, commented: "A challenging quarter at Golden Grove, with ongoing restricted access to Xantho Extended. Putting safety first, we have temporarily ceased mining from Xantho Extended whilst we implement a plan to safely and sustainably reestablish mining in that section of Gossan Hill."

DroneShield Ltd (ASX: DRO)

The DroneShield share price is down over 6% to $5.29. This may have been driven by profit taking from investors. Not even the release of another promising announcement this morning has been able to stop the selling. It announced the launch of the DroneSentry-C2 Enterprise (C2E) platform, which is able to connect multiple DroneSentry-C2 solutions across geographically dispersed sites. It explained: "By consolidating multi-site operations, C2E enables faster decision-making, improved coordination and enhanced resilience across national-level security networks. This means that DroneShield customers can now maintain complete situational awareness and operational control across geographically dispersed sites, including at a nationwide level, with ease."

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is down 12% to $6.06. This is also likely to have been driven by profit taking from investors. After all, this defence and space company's shares have been on fire this year thanks to some big counter-drone contracts. For example, even after today's heavy decline, the EOS share price is still up by a massive 350% since the start of the year.

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down over 2% to 21.5 cents. This is despite the energy explorer announcing that it has successfully completed the 2025 Shenandoah South drilling program. This is the largest program ever conducted in the Beetaloo Basin. Management notes that the average spud-to-total depth across the program was 26.7 days, with the drilling and casing time delivered within the 35-day forecast.

The post Why 29Metals, DroneShield, EOS, and Tamboran shares are falling today appeared first on The Motley Fool Australia.

Four ASX shares that are dragging on the market today are listed below. Here's why they are falling:

Cochlear Ltd (ASX: COH)

The Cochlear share price is down 1.5% to $280.72. This may have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has retained its underweight rating and $280.00 price target on the hearing solutions company's shares. This is a touch below where its shares currently trade.

Premier Investments Ltd (ASX: PMV)

The Premier Investments share price is down 4% to $19.49. This follows a lukewarm response to the retail giant's FY 2025 results release on Thursday. As a reminder, the Smiggle and Peter Alexander owner reported a 0.9% increase in retail sales to $812.2 million. This was driven by a 7.7% increase in Peter Alexander sales to a record of $548.0 million, which offset a 10.7% decline in Smiggle global sales. This allowed the company's board to declare a fully franked final dividend of 50 cents per share. This morning, the team at Macquarie retained its neutral rating on the company's shares with a trimmed price target of $20.80.

Siteminder Ltd (ASX: SDR)

The Siteminder share price is down 1.5% to $7.25. This may have been driven by news that Bailador Technology Investments Ltd (ASX: BTI) has completed a $25 million cash realisation of its investment in SiteMinder. However, it has retained 75% of its holding. Bailador's co-founder and managing partner, Paul Wilson, said: "SiteMinder remains a pivotal investment for Bailador, combining best-in-class technology infrastructure with significant international growth potential and outstanding management capabilities. We continue to have high confidence in generating long-term returns for shareholders through our sustained investment in SiteMinder."

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 3% to 3 cents. This follows the release of the energy explorer's fourth quarter update. Tamboran Resources' chairman and interim CEO, Richard Stoneburner, was pleased with the quarter. He said: "The fourth quarter has been a period of incredible activity for Tamboran. Our team delivered record flow rates from the ~5,500-foot horizontal section in the SS-2H ST1 well. Importantly, the well delivered an extremely flat decline curve over the 90-day period, including a surprising 2% increase over the last 30 days of testing without downhole intervention or changes to the choke."

The post Why Cochlear, Premier Investments, Siteminder, and Tamboran shares are falling appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Novonix Ltd (ASX: NVX)

The Novonix share price is up over 6% to 62.5 cents. This follows news that the U.S. Department of Energy (DOE) has conditionally committed a direct loan of up to US$754.8 million (~A$1.2 billion) to be applied towards partially financing a proposed new facility in Chattanooga, Tennessee. Novonix's CEO, Dr. Chris Burns, said: "This announcement is the culmination of years of hard work and is another critical milestone for our anode materials business towards our target production of 150,000 tpa in North America. This conditional commitment from the government to invest in our new facility continues to underscore the focus on localizing critical materials in the battery supply chain, such as graphite."

PEXA Group Ltd (ASX: PXA)

The PEXA share price is up 9% to $13.47. This morning, this digital property exchange and data insights company announced the appointment of its new CEO. PEXA has appointed Russell Cohen as its new leader effective from 31 March 2025. Mr Cohen is currently the group managing director of operations at multinational technology company Grab. At Grab he leads business performance, operations, platform safety, market expansion, and a team of 3000 across seven countries. Cohen has also played a pivotal role in that company's strategic growth throughout the region.

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is up almost 8% to 14 cents. This follows news that the natural gas company has signed an agreement with APA Group (ASX: APA) to deliver the Sturt Plateau Pipeline. CEO Joel Riddle said: "With natural gas serving as the largest source of electricity generation in the Northern Territory, Tamboran is proud to play a critical leading role in ensuring a reliable energy supply for Territorians – keeping the lights on and air conditioners running. In delivering this, we are committed to following the highest environmental standards and with the support of Native Title Holders."

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is up 4% to $3.14. Investors have been buying this gold miner's shares following the release of an update on the potential expansion of the Fortnum Gold Operation in the Murchison Region of Western Australia. A scoping study has identified a potential 10-year fully integrated mine plan at Fortnum.

The post Why Novonix, PEXA, Tamboran Resources, and Westgold shares are storming higher appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Healthco Healthcare and Wellness REIT (ASX: HCW)

The Healthco Healthcare and Wellness REIT share price is up 5% to $1.18. This morning, this healthcare and wellness property company announced a $50 million on-market share buyback. Head of Real Estate, Sid Sharma, said: "The buy-back demonstrates our conviction in HCW's value proposition and long-term growth fundamentals. We believe the current unit price presents an attractive opportunity to gain exposure to a high-quality portfolio of critical healthcare infrastructure at a significant discount to NTA."

Medadvisor Ltd (ASX: MDR)

The Medadvisor share price is up 15% to 31 cents. This has been driven by the pharmacy-focused patient engagement solutions company's quarterly update. Medadvisor reported a 42.4% increase in operating revenue to $24.2 million. This has lifted its year to date revenue to $99.8 million. Management notes that this is more than it recorded in FY 2023 with one quarter still to come. Gross profit grew 48.5% during the quarter to $15.3 million, bringing its year to date gross profit to $58.7 million. This is up 20% over the prior corresponding period.

Ramsay Health Care Ltd (ASX: RHC)

The Ramsay Health Care share price is up 2.5% to $52.35. This appears to be due to media speculation that Wesfarmers Ltd (ASX: WES) could be running the rule over the private hospital operator. It would certainly be a sizeable purchase for Wesfarmers. Ramsay Health Care currently has a market capitalisation of approximately $12 billion. Neither company has responded to the media speculation.

Tamboran Resources Ltd (ASX: TBN)

The Tamboran Resources share price is up 3% to 17 cents. This morning, this natural gas company announced a binding long-term gas sales agreement. This will see Tamboran Resources supply the Northern Territory Government with 40 TJ per day from the proposed Shenandoah South Pilot Project for an initial term of nine years. Tamboran is targeting a final investment decision on the proposed project in mid-2024, with first production planned by the first half of 2026. The company's managing director and CEO, Joel Riddle, commented: "This is a transformational development for Tamboran and our partners, after ten years of hard work and more than A$500 million invested in Beetaloo exploration and appraisal activities."

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The energy giant's move comes after it announced it will sell its exploration interests in the region for $60 million.

Tamboran Resources Ltd (ASX: TBN), along with its largest shareholder Bryan Sheffield, will take over Origin's 77.5% interest in three permits in the Northern Territory region. Tamboran will also receive a 5.5% royalty based on wellhead revenues from the permits.

Why Origin decided to abruptly make the decision is not fully understood. However, the company made it clear the capital-intensive nature of the project means it is "better placed prioritising capital towards other opportunities that are aligned to [its] refreshed strategy".

Origin expects to make a $70-$90 million loss on the deal.

What's the decision mean for ASX 200 energy shares?

Whilst it's difficult to draw a direct correlation between Origin's decision and the share prices of other ASX 200 energy players, it wasn't a pretty time for the sector last week.

Many of the dominant names incurred a period of downside. However, it's worth noting here the price of natural gas has also taken a nosedive in the past two weeks.

US Natural gas futures trade 24% down at US$6.89/MMBtu from their previous high on 14 September, whereas both UK and European gas contracts are down in similar fashion.

Coal has also been trading sideways for the past two weeks as governments around the world look to hedge their exposure to soaring energy prices.

Despite last week's announcement, Origin will keep a direct interest in the Beetaloo Basin, with the company still set to receive up to 36.5 petajoules of natural gas per annum from the site if it's successfully developed.

Origin's exit is unlikely to have a large impact on well-established energy giants such as AGL Ltd (ASX: AGL), Santos Ltd (ASX: STO), and Woodside Energy Group Ltd (ASX: WDS).

Each of these giants has its own respective capital investments at various sites around the world and is not limited to just one or two projects.

In addition, they all have diversified exposure to the industry.

Nevertheless, it will be a matter of time to see if there is any major fallout from Origin's decision to pursue greener opportunities.

Origin shares remain up more than 18% over the past 12 months of trade. The returns for all shares mentioned are seen on the chart below.

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