The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week with a move higher. In afternoon trade the index is up 0.2% to 6,073 points.
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 Altium Limited (ASX: ALU) share price is lower by 2.5% to $13.49 despite there being no news out of the software-as-a-service company. I suspect today's decline could be the result of profit taking. Earlier this week its shares rallied higher after being labelled as a potential takeover target in 2018 by one leading broker.
The Beadell Resources Ltd (ASX: BDR) share price is down 3% to 17.5 cents following the release of an update on its Tucano mine gold production. According to the release, annual production is expected to be below guidance due to a short-term deferral of high grade ore brought about by minor operational factors.
The Pilbara Minerals Ltd (ASX: PLS) share price has continued its decline and is lower by a further 3.5% to $1.10. The lithium miner has come under pressure during the last couple of days after a broker downgrade by Citi. The broker made the move largely on valuation grounds.
The Wesfarmers Ltd (ASX: WES) share price is down 1% to $44.23 after announcing the sale of its Curragh coal mine to Coronado Coal Group for $700 million. Should the transaction complete successfully, management estimates that it will generate a post-tax profit of approximately $100 million.
