Why Allkem, Argosy Minerals, Audio Pixels, and Imugene shares are falling

These ASX shares are having a tough time on Thursday.

| More on:
A woman looks distressed as she stares dramatically at her phone

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.35% to 7,116.3 points.

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

Allkem Ltd (ASX: AKE)

The Allkem share price is down almost 3% to $14.44. This is despite there being no news out of the lithium miner. However, it is worth noting that a number of lithium shares fell heavily overnight on Wall Street. This may have been driven by concerns over economic data out of China and the impact this could have on electric vehicle demand.

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price is down 6% to 44.7 cents. As well as broad weakness in the lithium industry today, the release of an update on the Rincon project in Argentina could be weighing on its shares. Some investors may be a touch underwhelmed with the company's progress.

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price is down 4.5% to $14.00. This may have been driven by profit taking after strong gains earlier this week. Investors were buying the digital speaker developer's shares after it streamed a demonstration of its technology at its annual general meeting. Time will tell if it is as ground-breaking as claimed.

Imugene Limited (ASX: IMU)

The Imugene share price is down 4.5% to 10.5 cents. That's despite the immuno-oncology company releasing yet another announcement this morning. Today's announcement reveals that Imugene has dosed its first patient in the combination cohort of the IMPRINTER study.

Should you invest $1,000 in Botanix Pharmaceuticals Limited right now?

Before you buy Botanix Pharmaceuticals Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Botanix Pharmaceuticals Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has positions in Allkem. 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 Scott Phillips.

More on Share Fallers

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Brainchip, Catalyst Metals, Northern Star, and Pact Group shares are tumbling today

These shares are having a tough time on Tuesday. But why?

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Share Fallers

Why Brambles, Bravura, Pantoro, and Telix shares are sinking today

These shares are starting the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why DroneShield, Generation Development, Oneview, and PWR shares are falling today

These shares are ending the week in the red. But why?

Read more »