Why Afterpay, Goodman, MedAdvisor, & PointsBet shares are dropping lower // Motley Fool Australia

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is pushing higher. At the time of writing, the benchmark index is up 0.2% to 6,498.3 points.

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

The Afterpay share price is down 4% to $97.35. Investors have been selling the payments company’s shares despite the release of a positive update at its annual general meeting. That update revealed that October was another record month for underlying sales globally. Furthermore, it advised that month to date the company is tracking ahead of this and new customer growth has been accelerating since the end of Q1 in both the US and…