Why 29Metals, Guzman Y Gomez, Mesoblast, and Pilbara Minerals shares are falling today

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Why 29Metals, Guzman Y Gomez, Mesoblast, and Pilbara Minerals shares are falling today

^{Published on 2024-12-05 06:01:18 - Thomas Matters, WOPRAI}

These shares are having a tough time on Thursday. What's going on? The post Why 29Metals, Guzman Y Gomez, Mesoblast, and Pilbara Minerals shares are falling today appeared first on The Motley Fool Australia.

The article discusses the reasons behind the recent declines in share prices for several ASX-listed companies. 29Metals saw its shares drop by 10% after announcing a $100 million equity raise to fund its operations, which diluted existing shareholders' stakes. Guzman y Gomez, a Mexican fast food chain, experienced a 4.5% fall in its share price following its ASX debut, despite an initial surge, due to profit-taking by investors. Mesoblast shares fell 12% after the FDA declined to approve its cell therapy for children with a rare inflammatory condition, citing insufficient evidence of effectiveness. Lastly, Pilbara Minerals shares decreased by 6.5% after reporting a significant drop in quarterly revenue and a shift to a net loss, attributed to falling lithium prices and reduced production.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-29metals-guzman-y-gomez-mesoblast-and-pilbara-minerals-shares-are-falling-today/ar-AA1vi7hN ]

N@N

Why 29Metals, Guzman Y Gomez, Mesoblast, and Pilbara Minerals shares are falling today