The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the positive lead of international markets and is 0.7% higher to 6,122 points in afternoon trade.
Four shares that have failed to follow the market higher are listed below. Here's why they are ending the week in the red:
The Buddy Platform Ltd (ASX: BUD) share price has fallen 4% to 24 cents. With no news out of the Internet of Things company, I suspect today's decline could be down to profit taking. Prior to today Buddy Platform's shares had climbed 316% since this time last year.
The Nearmap Ltd (ASX: NEA) share price has dropped 1.5% to 65 cents. Investors appear to be undecided on the aerial imagery company's prospects in the lucrative U.S. market. While progress has been slower than expected in the market, it does represent a huge opportunity for Nearmap.
The SDI Limited (ASX: SDI) share price has plunged 20% to 47.5 cents after the dental products company provided the market with a trading update. SDI advised that sales for the 6 months ending 31 December 2017 are expected to be $33.6 million, 2.2% lower than the prior corresponding period. A sharp decline in Amalgam product sales have weighed heavily on its performance.
The WiseTech Global Ltd (ASX: WTC) share price is down almost 2% to $14.20. Like Buddy Platform, investors appear to be taking profit after a strong share price gain over the last 12 months. One Motley Fool contributor labelled the logistics platform provider as a sell this morning. You can read why here.
