EIQ.XA is trading at $1.58 (4.2% down), extending a recent pullback following last week's sharp jump. - The decline comes as the A$110 million institutional placement, announced July 1st, settles today. - Investors may be taking profits after the stock's surge from $1.24 to $1.60 last week and in anticipation of the new shares hitting the market. - No other fresh company-specific news or major announcements have surfaced today to explain the downward move.