Why Mesoblast, Monash IVF, Netwealth, & Reece shares are dropping lower

In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the shortened week on a positive note. At the time of writing, the benchmark index is up 0.6% to 6,680.9 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they are dropping lower:

The Mesoblast share price is down almost 1% to $2.34. This is despite there being no news out of the biotech company today. However, its shares have been extremely volatile recently after revealing disappointing results from two key studies.

Monash IVF Group Ltd (ASX: MVF)

The Monash IVF share price has tumbled 4% lower to 76 cents. Investors have been selling the fertility treatment company’s shares after it revealed that…