Business Insights: Jan 4 - Australia (5 stories)

Here is your Weekly summary for Business & Finance across Australia for Mon 29th December - Sun 4th January 2026

American Superconductor's stock plummeted 47%, reinforcing InvestingPro's assessment of its overvaluation, a significant shift that highlights investor concerns about the company's financial health. Meanwhile, Coreweave's Chief Strategy Officer, Venturo, divested $4.78 million in shares, while CEO Intrator sold $11.66 million, raising eyebrows about insider confidence in the company's future.

In other developments, Phoenix Motor Inc. shareholders approved a board election and a reverse stock split, a move aimed at stabilizing its stock price. Additionally, LTC Properties' EVP and CIO, Boitano, purchased $344,400 in stock, suggesting a bullish outlook amidst the fluctuating market dynamics.