The (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.2% to 8,155.
6 points. Four ASX shares that are failing to follow the market higher today are listed below. Here's why they are falling: ( ) The Cettire share price is down 5% to $2.
26. This appears to have been driven by profit taking after the online luxury products retailer's shares rocketed almost 80% on Tuesday. Investors were scrambling to buy Cettire's shares after its auditor finally without any problems.
Not only did this give sentiment a boost, but it likely led to short sellers having to close positions in a hurry, which appears to have caused a short squeeze. Cettire's shares remain down over 50% from their 52-week high despite yesterday's jump. ( ) The Light & Wonder share price is down 2.
5% to $131.33. Investors have been selling this game developer's shares this week after it was in the United States.
It said: "Light & Wonder, Inc. today received an order from the U.S.
District Court for the District of Nevada granting Aristocrat a preliminary injunction relating to L&W's Dragon Train game. We respectfully disagree with the judge's decision and will promptly file an appeal. We will continue to vigorously defend against Aristocrat's claims, including presenting our defenses to a jury at a trial.
" Goldman Sachs thinks . ( ) The Premier Investments share price is down 8% to $31.00.
This follows the release of the retail giant's this morning, which fell short of e.
