Business

Why BrainChip, Pilbara Minerals, Premier Investments, & Tyro shares are dropping lower

Published

4 years ago

January 14, 2021

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has fought back from a soft start and is charging higher. At the time of writing, the benchmark index is up 0.35% to 6,710.8 points.

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

BrainChip Holdings Ltd (ASX: BRN)

The BrainChip share price is down 6% to 53.7 cents despite there being no news out of the artificial intelligence technology company. However, with its shares rocketing 18% on no news on Friday, it appears as though profit taking has been weighing on its shares this week. The BrainChip share price is now down 18% from Monday’s high.