In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is up almost 1.1% to 5,780 points thanks to gains across the board.
But unfortunately not all shares have been able to climb higher today. Here's why these four shares have started the week in the red:
The Auscann Group Holdings Ltd (ASX: AC8) share price has fallen 5% to 44 cents. This now stretches the pot stock's three-month decline to over 35%. Despite this the medicinal cannabis company's shares are still up significantly since their IPO earlier this year.
The Bubs Australia Ltd (ASX: BUB) share price has finally run out of steam and dropped 4% to 49.2 cents today. With no news out of the company, I suspect today's decline is a case of profit-taking. After all, even after today's decline the fledgling infant formula company's shares are up 68% in just the last 30 days.
The Catapult Group International Ltd (ASX: CAT) share price has tumbled 2.5% to $1.91 after the sports analytics company announced plans to acquire the SportsMed Elite and Baseline athlete management system products and clients from SMG Technologies for $2 million. Investors appear to be concerned at the rate the company is burning through its cash reserves.
The Crown Resorts Ltd (ASX: CWN) share price is down 4% to $11.86. Today's decline comes despite the fact that two leading brokers slapped a buy rating on the casino operator's shares this morning following last Friday's full-year result. Citi and Ord Minnett both like the look of Crown's shares at the current price.
