Why 4DMedical, Amaero, Clarity Pharmaceuticals, and Treasury Wine shares are falling today

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.3% to 8,849 points.

Four ASX shares that have failed to follow the market higher on Thursday and named below. Here’s why they are falling:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down 2% to $4.20. This morning, this respiratory imaging technology company revealed that it has received total firm commitments from wholesale, professional, and sophisticated investors for a $150 million single-tranche institutional placement. These funds are being raised at $3.80 per new share, which represents an 11.4% discount to its last close price. The company’s founder and CEO, Andreas Fouras, said: “We are pleased to welcome several high-quality global institutional investors to our share register and sincerely appreciate the strong ongoing support from existing shareholders. This placement provides 4DMedical with the balance sheet strength to accelerate U.S. commercialisation of CT:VQ at a time when unprecedented interest from clinicians is driving rapid adoption across leading academic medical centres.”

Amaero Ltd (ASX: 3DA)

The Amaero share price is down 21% to 25.5 cents. Investors have been selling this high-value refractory and titanium alloy powders producer’s shares after it downgraded its guidance for FY 2026. Amaero now expects revenue of $18 million to $20 million in FY 2026. This is down from its prior guidance of $30 million to $35 million. Management advised that this “primarily reflects timing delays in contract awards and revenue recognition associated with extended U.S government funding uncertainty and a temporary federal government shutdown during the December quarter.”

Clarity Pharmaceuticals Ltd (ASX: CU6)

The Clarity Pharmaceuticals share price is down 4% to $3.46. This is despite the pharmaceuticals company revealing that its Phase II SECuRE clinical trial will continue as planned. This follows a formal safety review by independent doctors. The SECuRE trial is testing a targeted treatment for advanced prostate cancer using a copper-based approach.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is down 5% to $5.08. This may have been driven by a broker note out of Citi this morning. According to the note, the broker has downgraded the wine giant’s shares to a sell rating (from neutral) with a $4.80 price target. The broker has concerns over its outlook in the United States amid reports that distributor RNDC could sell operations in seven states. In addition, given recent share price strength, the broker thinks its shares are now overvalued.

The post Why 4DMedical, Amaero, Clarity Pharmaceuticals, and Treasury Wine shares are falling today appeared first on The Motley Fool Australia.

More reading

• Why investors are watching this ASX healthcare stock
• Buy, hold, sell: Morgans gives its verdict on 3 ASX shares
• Up 700% in 12 months! Why this ASX tech stock just raised $150m
• Treasury Wine Estates shares drop 50%: Is there any upside left in 2026?
• Why are 4DMedical shares in a trading halt today?

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.