Why these 4 ASX shares are ending the week in the red

The iSentia Group Ltd (ASX:ISD) share price is one of four ending the week in the red. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back the majority of its early gains and is 0.2% higher at 5,982 points.

Four shares which haven't been able to follow the market higher today are listed below. Here's why they are ending the week in the red:

The Artemis Resources Ltd (ASX: ARV) share price has fallen 3% to 30.5 cents despite announcing that its 50:50 joint venture with Novo Resources is now live after it met its expenditure commitment. The joint venture is based in the highly prospective Karratha region of Western Australia.

The Auscann Group Holdings Ltd (ASX: AC8) share price has tumbled almost 6% to 74.5 cents. The pot stock has lost around 11% of its value this week as traders continue to take profit following a strong rally over the last month.

The Godfreys Group Ltd (ASX: GFY) share price has plunged 16% to 41.5 cents following the release of a disappointing trading update. According to the release, delays to its conversion program means that the retailer now expects its FY 2018 EBITDA to be lower by $3.5 million to $4 million. Although its shares look cheap, I would avoid it due to its high level of debt and the arrival of Amazon.

The iSentia Group Ltd (ASX: ISD) share price is down 5% to $1.20 despite there being no news out of the media monitoring company. I believe today's decline is likely to be a spot of profit taking. The company's shares rallied strongly this week after one of its directors bought 228,000 shares on market.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »