Wei Lai car twice triggered fuse to suspend trading, intraday plunge more than 20%

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 Wei Lai car twice triggered fuse to suspend trading, intraday plunge more than 20%


According to the US Securities and Exchange Commissions Limit Price Fluctuation Limit mechanism, if a stocks trading price rises or falls by more than 10% in five minutes, it will have to suspend trading. If the trading price of the stock does not return to the prescribed price range within 15 seconds, the trading will be suspended for 5 minutes.

Ulara rose more than 10% at first, but quickly fell 12.16%, leading to a suspension of trading; resumed trading fell more than 20%, triggered a second fuse, a 6.29% drop in suspension.

Owing to the fact that there are only 160 million shares in the stock market, the small amount of funds can control the trend of the stock.

Wei Lai car stimulating market at night (source: Tiger securities)

Wei Lai car has resumed trading, as of press release, a drop of more than 14%. In terms of market expectations, Wall Street is still generally bullish on Ulaeva despite Thursdays surge of more than 75%. Analysts at Bernstein, an investment firm, set Ulas stock as a sell rating with a target price of $4.2, 56% lower than Thursdays price. Source: Tiger securities editor: Yao Liwei _NT6056

Wei Lai car has resumed trading, as of press release, a drop of more than 14%.

In terms of market expectations, Wall Street is still generally bullish on Ulaeva despite Thursdays surge of more than 75%. Analysts at Bernstein, an investment firm, set Ulas stock as a sell rating with a target price of $4.2, 56% lower than Thursdays price.