RMBS had a very strong day on Thursday, trading up over 18% to finish the session at $28.75 after a report came out suggesting that newly released emails from MU and Hynix Semiconductor Inc. provide some of the first details of a global conspiracy to raise prices on memory chips, allegations that were first raised by RMBS. This is of particular importance to RMBS as RMBS has filed antitrust claims against the companies, alleging price fixing and a conspiracy to discourage use of RMBS’s DDR technology. Volume was extremely high on Thursday, with over 18.4 million shares of the stock changing hands, compared to a normal daily average of just over 5 million shares traded. As of Thursday’s close, RMBS had a market cap just a shade under $3 billion dollars.
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