The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing start to the week. In early afternoon trade the index is down 0.4% to 5,725 points.
Four shares which have started the week with even greater declines are listed below. Here's why they have started the week deep in the red:
The Apiam Animal Health Ltd (ASX: AHX) share price has tumbled 14% to 68 cents. The veterinary products and services provider's shares fell over 30% on Friday following the release of its full-year guidance. Increases in its cost base and falling margins appear to have concerned some investors.
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has fallen 4% to $59.14. Today's decline appears to relate to a research note out of Morgans which revealed that its analysts have downgraded the pizza chain operator to a hold rating with a $65.62 price target. I believe this latest decline puts Domino's at an appealing level for a buy and hold investment.
The DWS Ltd (ASX: DWS) share price has dropped almost 9% to $1.68 after it emerged that fellow IT services company ASG Group had made a move for SMS Management & Technology Limited (ASX: SMX). DWS had hoped to acquire SMS Management & Technology for the equivalent of $1.61 per share. ASG Group has made a non-binding expression of interest valuing SMS at $1.80 in cash per share.
The Zelda Therapeutics Ltd (ASX: ZLD) share price has plunged 11% to 6.6 cents. Today's decline means the pot stock has fallen over 37% this month despite there not being a single piece of news out of the company. As I said earlier, unfortunately this decline is an example of why investing in the medicinal cannabis industry is not suitable for the majority of investors.
