J-Long Group Shares Halted On Circuit Breaker To The Downside, Stock Now Up 38.8%
Portfolio Pulse from Benzinga Newsdesk
Shares of J-Long Group were halted due to a circuit breaker after a significant drop, but the stock has since recovered, now showing an increase of 38.8%.
January 29, 2024 | 4:20 pm
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J-Long Group's stock was halted on a circuit breaker due to a downside, but it has since rebounded with a substantial gain of 38.8%.
The trading halt due to the circuit breaker indicates a significant drop in J-Long Group's stock price, which typically triggers a temporary pause in trading to prevent panic-selling. The subsequent 38.8% increase suggests a strong rebound, which could be due to investors buying the dip or positive news that reassured the market. This volatility is likely to attract attention and could lead to increased trading activity in the short term.
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IMPORTANCE 90
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