Cheetah Net Supply Chain Service Shares Halted On Circuit Breaker To The Upside, Stock Now Down -12.2%
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain Service (CTNT) shares were halted on a circuit breaker to the upside but are now down by 12.2%.
May 15, 2024 | 1:35 pm
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NEGATIVE IMPACT
Cheetah Net Supply Chain Service (CTNT) experienced a trading halt due to a circuit breaker triggered by an upside move, but the stock has since declined by 12.2%.
The trading halt indicates significant volatility, and the subsequent 12.2% decline suggests negative sentiment or profit-taking. This is likely to result in short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100