Cheetah Net Supply Chain Service Shares Halted On Circuit Breaker To The Downside, Stock Now Up 252.9%
Portfolio Pulse from Benzinga Newsdesk
Shares of Cheetah Net Supply Chain Service (CTNT) were halted due to a circuit breaker after experiencing a significant downside, despite the stock being up 252.9%.
May 14, 2024 | 1:50 pm
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NEUTRAL IMPACT
CTNT shares experienced a temporary halt due to a circuit breaker triggered by a significant downside movement, even though the stock has seen an impressive gain of 252.9%.
The halt in trading due to the circuit breaker indicates a volatile trading session for CTNT. Despite the downside that triggered the halt, the stock's substantial gain of 252.9% suggests strong investor interest or speculative trading. The short-term impact is neutral because the halt is a temporary measure, and the significant upside indicates underlying positive sentiment or speculative interest that could resume once trading restarts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100