Why these ASX shares are ending the week in the red

The Ainsworth Game Technology Limited (ASX:AGI) share price is one of four ending the week deep 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) is on course to finish the week on a positive note. At the time of writing the benchmark index is up 0.5% to 5,718.9 points.

Four shares that have failed to follow the market higher today are listed below. Here's why they are ending the week in the red:

The Ainsworth Game Technology Limited (ASX: AGI) share price has tumbled 8% to 88 cents after the gaming technology company released a trading update at its annual general meeting. According to the update, the company warned that revenues and profit before tax for its Australian segment will be materially lower for the first half of FY 2019 compared to the prior corresponding period. Management blamed highly competitive trading conditions and a decline in overall industry demand.

The Integrated Research Limited (ASX: IRI) share price has fallen a further 4.5% to $2.00. Earlier this week the company revealed that CEO John Merakovsky had handed in his resignation for personal reasons. It has since emerged that Mr Merakovsky has left the struggling tech company to join Wesfarmers Ltd (ASX: WES) subsidiary Flybuys as its new CEO.

The Orocobre Limited (ASX: ORE) share price is down 5% to $4.26 on the day of the lithium miner's AGM. With many lithium miners storming notably higher this month, I suspect that profit taking may be weighing on Orocobre's shares today. The good news for shareholders is that even after today's decline its shares are still up 28% since the start of this month.

The Technology One Limited (ASX: TNE) share price has dropped 7.5% lower to $5.46 after reports claimed that the software company's management team offloaded $44 million worth of shares on Thursday. Although the company has yet to confirm the AFR report, almost 10 million shares changed hands yesterday compared to the monthly average of around ~900,000 shares. Insider selling rarely goes down well with investors.

Should you invest $1,000 in Amp Limited right now?

Before you buy Amp Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Amp Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Integrated Research Limited. 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 Scott Phillips.

More on Share Fallers

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Kogan, Monash IVF, OFX, and ResMed shares are falling today

Why are these shares taking a tumble today? Let's find out.

Read more »

A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash
Share Fallers

Why Appen, DroneShield, Gentrack, and New Hope shares are dropping today

These shares are starting the week in the red. But why?

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Dexus, Dusk, Fletcher Building, and Paladin Energy shares are falling today

These shares are ending the week in the red. But why?

Read more »

Couple look at a bottle of wine while trying to decide what to buy.
Consumer Staples & Discretionary Shares

Treasury Wine shares: Buy, hold, or sell? Here's Macquarie's take

What is Macquarie forecasting for Treasury Wine shares amid the CEO’s unexpected exit?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Newmont, NRW, Peet, and Treasury Wine shares are dropping today

Let's find out why investors are selling down these shares on Thursday.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Aristocrat, EBR, GQG, and Insignia shares are tumbling today

These shares are having a tough time on hump day. Let's find out why.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Healius, Light & Wonder, REA Group, and Regis Resources shares are falling today

These shares are ending the week in the red. Let's find out why.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why ANZ, Brainchip, Light & Wonder, and Pilbara Minerals shares are falling today

These shares are tumbling on Thursday. But why?

Read more »