In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is pushing higher again, this time by 0.6% to 5,767 points.
Unfortunately not all shares have been able to follow the market higher today. Four shares in particular which have sunk lower are listed below:
The Auscann Group Holdings Ltd (ASX: AC8) share price has tumbled almost 3.5% to 43.5 cents despite there being no news out of the medicinal cannabis company. With the pot stock's shares up sharply in the last 30 days, today's decline may be the result of profit taking from day traders.
The Bellamy's Australia Ltd (ASX: BAL) share price has fallen 6% to $6.34 after emerging from its voluntary suspension. This is quite a turnaround for the infant formula company's shares. In early trade they had fallen almost 13%. I would suggest investors avoid Bellamy's for the time being whilst it finds a way to overcome its latest hurdle.
The Fletcher Building Limited (Australia) (ASX: FBU) share price has dropped 5% to $7.12 after the building materials company downgraded its full-year profit guidance for the second time in four months. Further to this, the company announced that its CEO has departed with immediate effect. I would suggest investors avoid the company until there has been a notable improvement in its performance.
The Myer Holdings Ltd (ASX: MYR) share price has tumbled 8% to 75 cents after management warned that it is likely to miss its FY 2017 net profit forecast of more than $69.3 million. The department store operator now expects profit in the range of $66 million and $70 million due to weaker-than-expected trading conditions during its June-July stocktake sales events.
