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Why these 4 ASX shares are falling today


The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed to recover some of its earlier losses, but still remains in the red for the day. However, these four shares are faring even worse so far…

1-Page Ltd (ASX: 1PG) shares have dropped another 6.5% today. They are now trading at just 64.5 cents, down from a 52-week high of $5.69. Although the company offers a promising Human Resources tool, it has been very slow to grow revenue and cash flows with earnings still a long way away. I own shares in the business, but my patience is certainly being tested.

Spotless Group Holdings Ltd (ASX: SPO) shares have fallen 2.8%, despite the absence of any company-specific news to explain the fall. Spotless has taken its shareholders on a rollercoaster ride since it first debuted on the ASX in 2014, with investors still unsure what to expect from the group over the coming years. However, announcements from the group suggest it could be one to avoid, for now.

Fortescue Metals Group Limited (ASX: FMG) shares have dropped 3.8%, making them one of the worst performers on the ASX 200. Although iron ore prices rose during the latest session, it’s possible that Fortescue’s shares are falling on signs that suggest the commodity could be due for a sharp fall in the near future. As such, it’s probably not the right time to back the iron ore miners.

Martin Aircraft Company Ltd (ASX: MJP) shares have fallen 6.8% today to 55 cents, reversing some of Friday’s strong gains. The company is due to begin the formal production of its Martin Jetpack in the near future and, although that is sure to excite some investors, it will also likely cause some volatility in the share price.

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Motley Fool contributor Ryan Newman owns shares of 1-Page Ltd. 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.

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