Why Audio Pixels, BWP Trust, DEXUS Property, and Starpharma shares are in the red today

The Starpharma Holdings Limited (ASX:SPL) share price is one of four ending the week 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

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a positive note. In early afternoon trade the index is up 0.4% to 5,621.5 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 Audio Pixels Holdings Ltd (ASX: AKP) share price is down a further 4.5% to $21.00. The digital speaker developer's shares have come under pressure again possibly from profit taking after going on a tear this month. Its shares rose strongly after announcing the achievement of three major technological breakthroughs that management believes demonstrate the progress the company has made towards delivering its "breakthrough technology" to the market at long last.

The BWP Trust (ASX: BWP) share price has dropped 3% to $3.58. This decline is almost entirely attributable to the Bunnings landlord's units going ex-dividend this morning. Eligible BWP unit holders can now look forward to receiving its 8.9 cents per share interim distribution in their nominated accounts on February 22.

The DEXUS Property Group (ASX: DXS) share price has fallen 2.5% to $10.77. As with BWP Trust, the selling today can be attributed to DEXUS Property Group's units trading ex-dividend this morning. Eligible unit holders will be paid this 27.4 cents per unit distribution on February 28.

The Starpharma Holdings Limited (ASX: SPL) share price is down a further 6% to 92.5 cents. The healthcare company's shares have fallen heavily this week after the U.S. FDA advised that it wants confirmatory clinical data before it will approve its promising VivaGel product. The company's CEO appeared to be very disappointed with the decision, but pledged to work with the FDA to understand how it can come to provide the necessary clinical data for approval.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Scott Phillips.

More on Share Fallers

A woman looks shocked as she drinks a coffee while reading the paper.
Share Fallers

Why is the Web Travel share price crashing 41% on Friday?

ASX investors are pummelling Web Travel share today. But why?

Read more »

Man in suit plummets downwards in sky.
Share Fallers

This ASX stock just crashed 24% after a $1.7bn deal. Here's what spooked investors

Investors dump Maas shares despite a $1.7 billion dollar deal.

Read more »

A young man clasps his hand to his head with a pained expression on his face and a laptop in front of him.
Share Fallers

Why Beach Energy, Elders, Maas, and Neuren shares are dropping today

These shares are under pressure on Thursday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Hot Chili, Jumbo, PYC, and Xero shares are sinking today

These shares are having a tough time on hump day. But why?

Read more »

Bored man sitting at his desk with his laptop.
Share Fallers

Why Brainchip, Credit Corp, Graincorp, and Neuren shares are falling today

These shares are missing out on the good times on Tuesday. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Appen, Brightstar, Graincorp, and Northern Star shares are sinking today

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

Read more »

Bored man sitting at his desk with his laptop.
Share Fallers

Why Imricor, Ioneer, Star, and Whitehaven Coal shares are falling today

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

Read more »

A young man clasps his hand to his head with a pained expression on his face and a laptop in front of him.
Share Fallers

Why Brainchip, Galan Lithium, Iluka, and Ora Banda shares are tumbling today

These shares are being sold down on Thursday. But why?

Read more »