In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to finish the week on a high. At the time of writing the benchmark index is up 0.5% to 6,200 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 Amaysim Australia Ltd (ASX: AYS) share price has continued its slide and is down a further 13% to 71 cents. This latest decline means the junior telco company's shares have fallen 25% in the space of just two days. The catalyst for this has been a fully underwritten entitlement offer to raise $50.6 million at a lowly $0.60 per share.
The Atlas Arteria Group (ASX: ALX) share price has fallen 3.5% to $6.87 a day after the release of its full year results. Today's selling may relate to a broker note out of UBS this morning which reveals that its analysts have downgraded the toll road operator's shares to neutral from buy and reduced the price target on them to $6.90. The broker has concerns about potential traffic disruptions and higher corporate costs in FY 2019.
The Caltex Australia Limited (ASX: CTX) share price is down 5% to $27.19. A good portion of today's decline is due to the fuel retailer's shares trading ex-dividend this morning for its fully franked 61 cents per share final dividend. In addition to this, Deutsche Bank downgraded its shares to a hold rating on Wednesday and this could be weighing on its shares a touch today.
The Freedom Foods Group Ltd (ASX: FNP) share price has tumbled 2% lower to $4.79. At one stage today the food company's shares were down as much as 9% following the release of its half year results after the market close on Thursday. In its outlook management advised that it was trending towards the low end of its full year sales guidance range of $500 million to $530 million.
