The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed to bounce back from early declines and push higher in afternoon trade. At the time of writing the benchmark index is up almost 0.2% to 5,943 points.
Four shares which haven't been able to follow the market higher today are listed below. Here's why they fallen lower:
The Auscann Group Holdings Ltd (ASX: AC8) share price has fallen 4.5% to 76 cents despite there being no news out of the pot stock. But as I mentioned earlier today, AusCann's shares have been on a tear in the last 30 days. Today's decline may be a case of profit taking from day traders.
The Fairfax Media Limited (ASX: FXJ) share price is down almost 31% to 73.7 cents. Today's decline is due to the company spinning off its Domain business and nothing untoward. Domain's shares landed on the ASX this morning under the ticker code DHG and are fetching $3.87 apiece at the time of writing.
The Lepidico Ltd (ASX: LPD) share price is down 19% to 5.5 cents. The lithium-focused company has been causing quite a stir in recent weeks, rallying significantly higher. I feel this is likely to have led to a spot of profit taking today.
The Orocobre Limited (ASX: ORE) share price has tumbled 4% to $5.81. The lithium miner's shares have sunk lower despite the release of a positive research note out of Deutsche Bank. According to the note, following a site visit, the broker continues to rate Orocobre as a buy and has a $5.70 price target on its shares.
