In late trade, the S&P/ASX 200 Index (ASX: XJO) looks set to record a disappointing decline. At the time of writing, the benchmark index is down 1.4% to 7,102.9 points.

Four ASX shares that are falling more than most are listed below. Here’s why they are tumbling lower:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is down 5% to a multi-year low of $3.99. This morning analysts at Bell Potter downgraded the struggling infant formula company’s shares to a hold rating and slashed their price target by a third to $4.75. The broker highlights that industry data is pointing to a difficult period for the company.

Imugene Limited (ASX: IMU)

The Imugene share price is down a further 10% to 16.3 cents. Investors continue to sell this biotech company’s shares following the termination of a supply agreement with Merck. This afternoon, Imugene revealed that the ASX has been quizzing it around its continuous disclosures. The ASX highlighted a sizeable 14% decline in its share price the trading day before the announcement. Imugene stressed that it is complying with listing rules.

Liontown Resources Limited (ASX: LTR)

The Liontown Resources share price is down 8% to $1.27. This follows broad market weakness, which is being felt hardest among shares that are higher up the risk curve. Liontown wasn’t the only lithium share tumbling today, the industry was a sea of red with heavy declines being recorded across the board.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 9% to $15.67. This morning the fund manager revealed that it has offloaded its stake in Guzman y Gomez. Magellan has agreed to sell its 11.6% stake for $140 million, which represents a $34 million profit on its original investment. Magellan made the sale to focus on its core funds management business. Some investors appear to believe the company should have held onto its stake.

The post Why A2 Milk, Imugene, Liontown, and Magellan shares are tumbling lower appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• A2 Milk share price sinks to multi-year low following broker downgrade
• Low charge: Is the party over for ASX lithium stocks?
• ASX 200 midday update: Westpac result impresses, AVZ halted
• Magellan share price sinks following $140 million Guzman sale

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 recommended A2 Milk. 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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Bank of Queensland Limited (ASX: BOQ) may not be a member of the ASX big four banks. That honour is still reserved for the likes of Commonwealth Bank of Australia (ASX: CBA). But Bank of Queensland shares are still ASX banking shares – a corner of the ASX from which investors typically expect big dividends.

So is this the case with the Bank of Queensland? Does this ASX bank square its dividend bite with the bark of income investors?

Well, the answer is yes. Bank of Queensland shares do currently pay a dividend. In fact, this ASX bank share has been a fairly consistent dividend payer over the past ten years. It did miss a dividend in 2020 as a result of the emergence of the pandemic. But that is nothing unique in the banking space –Westpac Banking Corp (ASX: WBC) also skipped a 2020 dividend.

How do Bank of Queensland shares stack up with dividends?

But last year saw Bank of Queensland dividends come roaring back. It ended up giving investors an annual total of 21 cents per share in dividends last year. Last week, Bank of Queensland actually traded ex-dividend for its upcoming interim dividend. This investors will receive on 26 May. It is to be a fully franked payment of 22 cents per share, a nice increase on last year’s interim dividend of 17 cents. 

Together with Bank of Queensland’s final dividend last year, this will give the bank a forward dividend yield of 5.8% on current pricing. With the full franking credits, this already solid yield grosses up to 8.29%. 

That happens to be above the dividend yields of all four of the major banks right now.

However, the Bank of Queensland share price hasn’t exactly been too kind to investors in recent years. Over the past five years, shareholders are still underwater by almost 35%. Indeed, back in 2010, Bank of Queensland shares were going for over $11. Today, they are priced at $7.58 at the present time. 

At this current Bank of Queensland share price, it has a market capitalisation of $4.87 billion. 

The post What is the current dividend yield on Bank of Queensland shares? appeared first on The Motley Fool Australia.

More reading

• Why is the Bank of Queensland share price slipping again on Thursday?
• Why is the Bank of Queensland share price sliding today?
• Why did the Bank of Queensland share price tank 7% in April?
• Hoping to bag the Bank of Queensland dividend? Read this
• The Bank of Queensland share price has lost 30% in 5 years. Have the dividends been worth it?

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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 recommended Westpac Banking Corporation. 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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Investing in an era of rising interest rates will be brand new territory for some ASX investors.

Last week the Reserve Bank of Australia (RBA) bumped the official cash rate from the historic low 0.1% to 0.35%. And multiple more hikes are forecast in the months ahead.

This follows on from moves by the United States Federal Reserve and other leading central banks to increase their nations’ interest rates, with most banks hiking rates for the first time in a decade or longer.

Investing with higher interest rates may require some reallocation

Rates, as you’re likely aware, are heading upwards to fend off fast-rising inflation figures.

Australia’s most recent consumer price index (CPI) indicated inflation levels of 5.1%. That’s well above the RBA’s 2% to 3% target range.

Things are even more dire in the US, where the world’s biggest economy is enduring inflation of 8.5%. At that rate, inflation will see the cost of living in the US double in just over eight years.

Hence rates are going up and are likely to continue on an upward trajectory at least into next year.

And successfully investing with interest rates forecast to keep climbing requires a different strategy than investing in a year with falling interest rates.

For example, in 2022 as investors have come to grips with the reality of rising rates, the S&P/ASX 200 Index (ASX: XJO) has fallen 6.2%.

Tech shares, often dependent on distant earnings, have fared much worse. This is witnessed by the 31.3% year-to-date decline in the S&P/ASX All Technology Index (ASX: XTX).

ASX financial shares have also lost ground, but less than most of their blue-chip peers. The S&P/ASX 200 Financials (ASX: XFJ) is down 1.1% year to date.

So, what’s an investor to do?

Look beyond the noise and do not panic

Adrian Frinsdorf is a director at William Buck Wealth Advisory.

As The Australian reports, Frinsdorf says that investing with higher interest rates offers “both challenges and opportunities”, with no real changes to the underlying fundamentals of investing.

According to Frinsdorf:

It’s important to remember that wealth can be generated in this new environment. After all, one of the reasons for the rate rise in the first place was the strong performance of the economy.

An objective, patient and well-informed approach focusing on quality assets is the key to long-term wealth creation. It’s important that investors look beyond the noise and do not panic.

Of course, higher debt loads will become more costly with the rate hikes. Something to keep a close eye on.

“For those who have borrowed to invest, rising inflation and higher interest rates can have counter impacts,” Frinsdorf says. “So it may also be timely to review your debt position and strategy.”

In it for the long haul, or time to cut and run

Your investment horizon is another critical factor to consider when looking at investing with higher interest rates ahead.

“Those with a long-term outlook may not feel the need to adjust their portfolio, given that this is a cycle and they are looking 15-20 years ahead,” says eToro market analyst Josh Gilbert (quoted by The Australian).

“On the other hand, the assets that investors purchased in 2021 may not have the same outlook now that rates are starting to rise, so now is a great time for investors to reassess their portfolios,” Gilbert adds.

Investors may want to revisit shares with strong balance sheets and high profiles, according to Gilbert.

And, as we looked at above, financial shares tend to outperform when interest rates are rising.

“Banks and financials tend to perform well in rate hike cycles, this is because higher interest rates are generally beneficial to banks since they allow them to earn more net interest income,” Gilbert says.

The post ‘Do not panic’: Experts explain how to stay calm and carry on investing amid rising interest rates appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Macquarie share price tumbles 4% to 9-week low. Is it time to pounce?
• The Lynas share price has plunged 6% today! What’s going on?
• ASX 200 midday update: Westpac result impresses, AVZ halted
• Why is the ANZ share price sliding on Monday?

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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Beach Energy Ltd (ASX: BPT) shares sit among the S&P/ASX 200 Index (ASX: XJO)’s energy giants but does the company stack up when it comes to paying out dividends?

The $3.78 billion oil and gas explorer and producer has been paying out dividends to its shareholders for many years now. Its dividend yield, however, leaves plenty to be desired.

At the time of writing, the Beach Energy share price is trading at $1.67, 0.3% higher than its previous close.

In comparison, the ASX 200 has had a shocker, slipping 1.29% today.

Let’s take a closer look at the details of the energy company’s dividends.

The lowdown on Beach Energy’s dividends

Beach Energy shares do pay dividends. Though, the company’s dividends are small compared to those of its peers.

Over the last 12 months, Beach Energy has paid out 2 cents of dividends.

It handed investors a 1 cent dividend for the financial year 2021 and another 1 cent dividend for the first half of financial year 2022.

It’s worth noting that both dividends were fully franked. That means some shareholders might receive additional value from the payouts come tax time.

Still, at its previous closing price, Beach Energy’s stock was trading with a dividend yield of 1.2%.

For comparison, shares in fellow ASX 200 energy stock, Santos Ltd (ASX: STO) offered a dividend yield of 2.4% at Friday’s close. Meanwhile, those of Woodside Petroleum Limited (ASX: WPL) boasted a 5.9% yield.

Still, Beach Energy’s recent 1 cent payouts are among the highest in the company’s dividend-paying history.

There have been only a handful of times the company has paid out more than 1 cent for any six-month period — the last time being eight years ago. At the time, it handed out a final and special dividend valued at a combined 2 cents for the financial year 2014.

Beach Energy share price snapshot

The Beach Energy share price has been performing well lately.

It has gained 27% since the start of 2022. It’s also 24% higher than it was this time last year.

The post Do Beach Energy shares pay dividends? appeared first on The Motley Fool Australia.

More reading

• Why did the Beach Energy share price beat the ASX 200 in April?
• 5 things to watch on the ASX 200 on Friday
• Why are ASX 200 energy shares leaping higher today?
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a disappointing decline. At the time of writing, the benchmark index is down 1.3% to 7,112.9 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

BrainChip Holdings Ltd (ASX: BRN)

The BrainChip share price has jumped 14% to $1.21. This appears to have been driven by the appearance of semiconductor giant, Arm, on BrainChip’s list of partners. On its website, BrainChip commented on the unannounced partnership, saying: “BrainChip is partnering with Arm, the leading technology provider of processor IP [intellectual property], to provide the most advanced solutions to make sensor products faster, smarter, and safer.”

PolyNovo Ltd (ASX: PNV)

The PolyNovo share price is up 4% to 93.5 cents. This follows news of more insider buying at the heavily shorted medical device company. As we reported here on Friday, the company’s chair, David Williams, picked up 500,000 shares through an on-market trade on 5 May. He has then followed this up with a purchase of ~1 million shares on 6 May. A fellow insider picked up shares with him on both days.

TPG Telecom Ltd (ASX: TPG)

The TPG share price is up 2% to $5.68. This morning the telco announced a binding agreement to sell 100% of its passive mobile tower and rooftop infrastructure to OMERS Infrastructure Management for $950 million. These funds are expected to be used by TPG to pay down its existing debt.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is up 3% to $24.55. This follows the release of the banking giant’s half-year results, which came in ahead of expectations. Westpac reported an 8% decline in revenue to $10,230 million, a 12% reduction in cash earnings to $3,095 million, and a 61 cents per share interim dividend. The Visible Alpha consensus estimate was for first-half cash earnings of $2.8 billion and an interim dividend of 59 cents per share. Westpac also reiterated its bold cost cutting target despite its peers recently abandoning their own targets.

The post Why BrainChip, PolyNovo, TPG, and Westpac shares are pushing higher appeared first on The Motley Fool Australia.

More reading

• Down 40% in 2022, this ASX 200 share is climbing amid insider buying action
• Why is the BrainChip share price racing 8% higher today?
• These ASX shares pay you to own them
• ASX 200 midday update: Westpac result impresses, AVZ halted
• Westpac share price charges higher on earnings beat and improving costs outlook

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended POLYNOVO FPO. The Motley Fool Australia has recommended TPG Telecom Limited and Westpac Banking Corporation. 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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The S&P/ASX 200 Index (ASX: XJO) is unfortunately yet again falling this Monday. The ASX 200 has gotten up on the wrong side of the bed this morning, since it is, at the time of writing, down a nasty 1.15% at just over 7,100 points

But rather than focusing on this misfortune, let’s instead take a look at the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Liontown Resources Limited (ASX: LTR)

Lithium hopeful Liontown Resources is our first ASX 200 share to take a look at today. So far, a notable 14.25 million Liontown shares have swapped hands as it currently stands. This doesn’t appear to be the result of anything out of the company itself. Liontown has made no ASX announcements today.

So we can probably lay the blame for this high volume at the feet of the Liontown share price movements we are witnessing. So far this Monday, Liontown shares have given up a depressing 7.25% of their value and are now being priced at $1.28 each. With a slide like that, no wonder so many shares have been bouncing around.

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our next share to take a glance at this Monday. So far today, a notable 15.19 million Telstra shares have been bought and sold on the markets.

There hasn’t been any news or announcements out of Telstra today, save for the now-routine share buyback notice. So it’s probably the results of these ongoing buybacks, as well as Telstra’s 0.13% loss so far today to $3.97 a share, that is responsible for this elevated volume.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is last up today. This ASX 200 lithium producer had watched 17.67 million of its shares find a new home so far. Here, we have a more obvious smoking gun. Like with Telstra, Pilbara hasn’t had anything to tell the markets directly this Monday.

However, the lithium stock has lost a painful 5.13% so far in today’s trading, and is now back to $2.59 a share. It’s this steep fall we can probably thank for the elevated trading volumes we are seeing.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

More reading

• Is the Telstra share price a defensive buy during times of market uncertainty?
• Low charge: Is the party over for ASX lithium stocks?
• Macquarie share price tumbles 4% to 9-week low. Is it time to pounce?
• The Lynas share price has plunged 6% today! What’s going on?
• ASX 200 midday update: Westpac result impresses, AVZ halted

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. 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 positions in and has recommended Telstra Corporation Limited. 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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Fortescue Metals Group Limited (ASX: FMG)’s green hydrogen focused leg, Fortescue Future Industries (FFI), could provide a major alternative energy source for Europe.

That would allow the continent – and the world – to ease its dependence on Russian energy commodities and block the Kremlin from “conduct[ing] war games”, says Fortescue Metals and FFI founder and chair, Dr Andrew ‘Twiggy’ Forrest.

And Forrest says FFI already has the agreements in place to replace much of Europe’s gas with green hydrogen. Let’s take a look at how FFI could overhaul the European energy sector.

Could FFI green hydrogen replace Russian fossil fuels?

Green hydrogen could help combat Russian-born conflicts, and FFI’s agreements in Germany, the United Kingdom, and France could be part of the solution, Forrest recently told ABC Radio.

“People all over Europe [and] North America are just sick to the back teeth that they have to buy their fuel from wars in the Middle East and wars in Eastern Europe,” Forrest said.

“They’re saying, ‘why can’t we just get all our fuel, get all our critical energy … from nations like us nations who are democratic, nations who believe in the freedom of humanity?’

“And the answer is you can. In fact, you must, because there’s a real practical viable alternative and that’s green hydrogen.”

Forrest noted FFI’s multibillion-dollar deal with German energy network operator, E.ON could see FFI sending 5 million tonnes of green hydrogen to Germany each year.

That’s enough calorific energy to replace a third of the nation’s Russian gas imports.

“Green hydrogen … can replace everything which Russia produces in fossil fuel. That, of course, interrupts the Kremlin’s ability to conduct war games,” Forrest told ABC Radio.

FFI has also inked a similar agreement that could see it shipping 1.5 tonnes of green hydrogen to the United Kingdom each year. That would make the green energy producer the UK’s major hydrogen suppler.

Finally, FFI has shaken on a deal with France-based aircraft manufacturer, Airbus. The deal is expected to see zero-emissions aircraft taking to the sky.

Fortescue share price snapshot

The Fortescue Metals share price is struggling on the ASX today.

It’s currently down 6% on its previous close and almost 2% lower than it was at the start of 2022.

It has also fallen around 15% since this time last year.

The post Could Fortescue Future Industries’ green hydrogen help Europe ditch Russian energy? appeared first on The Motley Fool Australia.

More reading

• Why is the Fortescue share price sinking 6% on Monday?
• Which ASX 200 mining shares were the worst-performing on Friday?
• The Fortescue share price is down 8% in May. Is now the time to buy?
• ASX 200 mining shares slump, dragging index into the red
• Leading brokers name 3 ASX shares to sell today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 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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ResMed Inc (ASX: RMD) shareholders are mostly likely feeling frustrated after the share price has seesawed in 2022.

The sleep treatment focused medical device company released its third quarter results late last month.

After falling short of the market’s estimates for revenue and earnings, ResMed shares sank 4.08% on the day.

Nonetheless, the board opted to ramp up its upcoming quarterly dividend to eligible investors.

Let’s take a look below at what you need to know in regards to the latest dividend.

What’s the deal with the ResMed dividend?

The ResMed share price backtracked as investors vented their disappointment following the company’s financial scorecard for the March quarter.

The company is set to pay out US 4.2 cents per share for the 3 months ending 31 March 2022. That’s 7.69% higher than the prior corresponding period dividend of US 3.9 cents per share.

Management, however, noted there may still be uncertainty associated with COVID-19 over the next year. Nonetheless, its long-term strategy is focused on supporting 250 million people in 2025.

The higher dividend came on the back of the company recording a 12% increase in revenue to $864.5 million. 

When can shareholders expect to be paid?

ResMed will pay the latest dividend to eligible shareholders on 16 June 2022.

However, to be eligible you’ll need to own ResMed shares before the ex-dividend date which falls on Wednesday 11 May. This means if you want to secure the dividend, you will need to purchase the company’s shares by tomorrow at the latest.

It is worth noting that on the ex-dividend day, the share price traditionally falls in proportion to the dividend amount.

In addition, the dividend is not franked which means that investors will miss out on the tax credits.

Currently, ResMed has a dividend trailing yield of 0.78% and a market capitalisation of roughly $11.66 billion.

The post Hoping to bag the Resmed dividend? Read this appeared first on The Motley Fool Australia.

More reading

• Guess which ASX 200 shares are defying today’s sell-off to climb higher
• 2 medical tech ASX shares Morgans loves right now
• Leading brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Monday
• These were the worst performing ASX 200 shares last week

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. 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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The A2 Milk Company Ltd (ASX: A2M) share price is sinking on Monday afternoon.

At the time of writing, the struggling infant formula company’s shares are down 5% to a multi-year low of $3.99.

This means the A2 Milk share price is now down almost 30% in 2022.

Why is the A2 Milk share price sinking?

While the market is dropping on Monday, the A2 Milk share price is falling more than most after being the subject of a bearish broker note.

According to a note out of Bell Potter, its analysts have downgraded the company’s shares to hold rating and slashed the price target on them by 33.5% from $7.15 to $4.75.

While this still implies reasonable upside from where its shares trade today, it isn’t enough for a more positive rating from the broker. Particularly given recent industry trends, which Bell Potter believes warrant a more cautious view on the company.

What did the broker say?

Bell Potter revealed that its industry checks point a worrying picture for A2 Milk, based on historical patterns.

The broker explained:

In recent months there has been an emerging dislocation between volumes entering Australia from NZ and volumes exiting Australia to China in shipment data we monitor. While this dislocation may prove transitory in nature (i.e. lockdown linked), historically this pattern has not been supportive of strong volume growth. The data dislocation warrants a more cautious view on the stock and with our revised FY22-24e NPAT forecasts sitting below consensus, we downgrade our rating from Buy to Hold.

Bell Potter is now expecting profits of NZ$108.6 million in FY 2022, NZ$118.5 million in FY 2023, and NZ$136.2 million in FY 2024.

While heading in the right direction, this is still materially lower than both FY 2019’s profit of NZ$287.7 million and FY 2020’s profit of NZ$388.1 million.

The post A2 Milk share price sinks to multi-year low following broker downgrade appeared first on The Motley Fool Australia.

More reading

• What’s the outlook for the A2 Milk share price in May?
• The A2 Milk share price plunged 15% in April. What went wrong?
• Despite continuing woes in China, here’s what to like about A2 Milk shares
• It’s time to buy these 2 fallen ASX shares again: expert
• Is there still hope for the A2 Milk share price in 2022?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 recommended A2 Milk. 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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The Polynovo Ltd (ASX: PNV) share price is edging higher on Monday morning, up 2.78% to 92.5 cents.

This comes as insiders have recently taken advantage of the share price weakness to purchase more shares.

Despite today’s gains, the medical device company’s shares have fallen 16% in a week, and 40% in 2022.

Directors top up on Polynovo shares

In its most recent statements, Polynovo revealed that a few of its directors each bought a portion of new shares.

Polynovo chair, David Williams picked up 500,000 shares through an on-market acquisition on 5 May at 86.89 cents apiece. He further added to his holding by buying another 1,000,565 shares at 89.94 cents each the following day.

In total, Mr Williams increased his portfolio by roughly 1.5 million Polynovo shares. This means that the chair now has around 20.4 million fully paid ordinary Polynovo shares across all his holdings.

In addition, non-executive director Andrew Lumsden also supplemented his portfolio with 100,000 shares on 5 May. The price paid per share was 87.31 cents.

The Polynovo shares were purchased via an on-market trade, bringing Mr Lumsden’s total to 100,000 shares.

Furthermore, non-executive director Christine Emmanuel conducted a transaction of 115,000 Polynovo shares on 6 May. She ended up getting the best deal in the end, paying 85.51 cents per share.

The above transactions equate to the value of more than $1.52 million.

It appears that the directors believe that Polynovo shares may have bottomed out.

Polynovo share price snapshot

Over the past 12 months, Polynovo shares have plummeted by around 66%.

The company’s share price has been moving along on a downhill trajectory since the start of July 2021.

Based on today’s price, Polynovo commands a market capitalisation of roughly $595.52 million.

The post Down 40% in 2022, this ASX 200 share is climbing amid insider buying action appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Why BrainChip, Coles, Fisher & Paykel Healthcare, and PolyNovo shares are rising
• PolyNovo share price jumps despite the market selloff amid heavy insider buying
• ASX 200 midday update: Macquarie and REA updates disappoint
• Could Polynovo shares get kicked out of the ASX 200?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended POLYNOVO FPO. 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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