Watching U-BX Technology; Shares Down -85%, Traders Circulating Unconfirmed Comments On Social Media Apps That The Stock Is Heavily Shorted
Portfolio Pulse from Benzinga Newsdesk
U-BX Technology's shares have plummeted by 85%, with traders on social media speculating that the stock is heavily shorted. These comments are unconfirmed.
August 23, 2024 | 12:08 pm
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U-BX Technology's stock has experienced a significant decline of 85%, with unconfirmed social media rumors suggesting heavy shorting. This could lead to increased volatility and investor caution.
The drastic drop in U-BX Technology's stock price, combined with unconfirmed rumors of heavy shorting, suggests potential for further decline or volatility. Such rumors can lead to panic selling or speculative trading, impacting the stock negatively in the short term.
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