In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is having a strong session and is pushing notably higher. At the time of writing, the benchmark index is up 1.85% to 8,535.6 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
Amplitude Energy Ltd (ASX: AEL)
The Amplitude Energy share price is down 35% to $1.72. Investors have been selling the energy company's shares following an update on drilling operations at its Isabella prospect in the Offshore Otway Basin, located in Victoria. Amplitude Energy advised that pressure depletion during the testing period does not support a commercial development of the Isabella field. As a result, the well will now be plugged and abandoned. The company's managing director and CEO, Jane Norman, said: "The result at Isabella is disappointing but geological data from this well will help inform our future exploration prospects."
Atlas Arteria Group (ASX: ALX)
The Atlas Arteria share price is down 4% to $4.34. This has been driven by the toll road operator's shares going ex-dividend this morning for its final dividend for FY 2025. Last month, when Atlas Arteria released its full-year results, it declared a final dividend of 20 cents per share. Eligible shareholders can now look forward to receiving this next month on 9 April.
Computershare Ltd (ASX: CPU)
The Computershare share price is down over 2% to $27.75. This may have been caused by a broker note out of Ord Minnett this morning. According to the note, the broker has downgraded the share registry company's shares to a hold rating with a $36.75 price target.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price is down almost 4% to $33.45. Investors have been selling Woodside shares after oil prices sank overnight and during Asian trade on Wednesday. This has been driven by optimism that a US-Iran peace deal could be on the horizon. It isn't just Woodside shares that are falling today. The S&P/ASX 200 Energy index is down 2.3% at the time of writing.
The post Why Amplitude Energy, Atlas Arteria, Computershare, and Woodside shares are falling today appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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