What's Going On With MMTec Stock Today?
Portfolio Pulse from Dylan Berman
MMTec, Inc. (NASDAQ:MTC) shares are trading lower after a rally on Friday due to China's new housing measures, which have since been deemed insufficient by analysts. The stock was halted for volatility and is down 82.5% at $1.20.
May 20, 2024 | 4:36 pm
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MMTec shares are experiencing significant volatility, dropping 82.5% after an initial rally due to China's new housing measures. Analysts have expressed concerns over the effectiveness and scale of these measures.
MMTec's stock initially rallied on news of China's housing measures but has since plummeted as analysts voiced concerns over the measures' effectiveness and scale. The stock was halted for volatility, indicating significant market reaction.
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