Insights

4DS Memory (ASX:4DS) share price plunges 9% amid ASX price query

The share price of the semiconductor company is deep in the red in morning trading today.
The post 4DS Memory (ASX:4DS) share price plunges 9% amid ASX price query appeared first on The Motley Fool Australia. –

Shares in semiconductor development company 4DS Memory Ltd (ASX: 4DS) opened the session poorly and are now trading 9% down at 9.1 cents apiece at the time of writing.

Investors are driving down the 4DS Memory share price whilst at the same time 4DS responds to an ASX price query regarding the upward movement of its shares in recent times.

For example, over the past 5 days of trading, the 4DS Memory share price has surged by 60%.

Here are the details of this curious situation.

Why is 4DS plunging today?

The ASX wrote to 4DS yesterday requesting a ‘please explain’ on the substantial jump in its share price over the past week.

Specifically, the ASX compliance department asked for clarification on “the change in the price of 4DS’s securities from $0.065 on 24 December 2021 to an intra-day high of $0.105 at the time of writing today”.

This was alongside the “significant increase in the volume of 4DS’s securities traded from 29 December 2021 to 30 December 2021”.

In response to the ASX query, 4DS Memory said it is not aware of any information concerning it, that has not been announced, that could directly explain recent trading patterns.

The company also confirmed that it is in compliance with all of the ASX listing rules. 4DS Memory said it is not aware of any other explanation regarding the increased share price.

The letter also concerned the volume of 4DS Memory shares traded, which has shot up tremendously. Even today, the volume of 4DS shares exchanging hands is 157% of its 4-week average.

Again, the company stated it is unaware of any reason behind this thickly-traded volume over the past 3 days.

Regardless, investors are pulling out in the final session of the year today, sending the shares south at a rapid pace.

4DS Memory share price summary

In the past 12 months, the 4DS Memory share price has fallen by 29%.

But over the shorter term, the share price has exploded by 84% over the past month.

The post 4DS Memory (ASX:4DS) share price plunges 9% amid ASX price query appeared first on The Motley Fool Australia.

These 5 Cheap Shares Could Be Set For Huge Gains (FREE REPORT)

We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.

And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can find out the names of these stocks in the FREE stock report.

*Extreme Opportunities returns as of February 15th 2021

More reading

Why the 4DS Memory (ASX:4DS) share price is charging 8% higher today

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!