Why Airtasker, Ecofibre, Nuix, & Woolworths shares are sinking

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a gain. At the time of writing, the benchmark index is up 0.2% to 7,080.5 points.

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

The Airtasker share price is down 3.5% to $1.33. This appears to have been driven by profit taking after a solid gain on Wednesday following the release of its third quarter update. That update revealed that the company has been performing stronger than expected since its IPO earlier this year. This led to Airtasker upgrading its guidance for FY 2021.

The Ecofibre share price has sunk 10.5% to 94.5 cents. This may be a delayed reaction to the hemp company’s…