At long last the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having an especially positive day. In afternoon trade the benchmark index is up 0.8% to 5,697 points.
Unfortunately not all shares have followed the market higher today. Here's why these four shares are ending the week in the red:
The AuMake International Limited (ASX: AU8) share price has not been able to follow up on yesterday's 194% gain and is down 13% to 20.5 cents in afternoon trade. AuMake is a retail company which connects Australian suppliers directly with daigou and Chinese tourists. While it could be one to watch, I would hold off an investment for the time being.
The Cann Group Ltd (ASX: CAN) share price has fallen over 3% to $1.33 despite there being no news out of the medicinal cannabis company. Today's decline is likely to be a spot of profit taking in my opinion. In the last three months Cann's shares have risen over 117% thanks to a series of positive announcements.
The Lifehealthcare Group Ltd (ASX: LHC) share price is down almost 4% to $2.23. Today's decline is likely to be attributable to a research note out of UBS. According to the note, the broker has downgraded the healthcare company to a neutral rating and reduced the price target on its shares to $2.30. The downgrade was made based on its belief that discounts to prosthesis list prices could impact its business in the future.
The Yowie Group Ltd (ASX: YOW) share price has fallen 8% to 23 cents. I suspect this decline could be due to profit taking as well. After all, even after taking into account today's sizeable drop, the confectionery company's shares have rallied over 21% since this time last month despite there being no news out of it.
