On July 31, MOMENTA-W fell 3.17% in regular trading, trading at 277.0 HKD/share, with turnover of approximately HKD 89.24 million.
The decline reflects mounting profit-taking pressure following a series of positive catalysts in recent sessions. The company secured a Germany-wide L4 autonomous driving test permit on July 29 — making it the first Chinese company to receive such nationwide urban road testing qualification — which drove a 4%+ rebound on July 30. Earlier, its Robovan unmanned logistics business officially launched in Suzhou Xiangcheng on July 27, and the stock surged over 10% intraday on July 21 after obtaining a Shenzhen L4 Robotaxi road test permit.
Following the concentrated rally driven by multiple catalysts, selling pressure has intensified as the stock enters a consolidation phase. The stock had already experienced a multi-day pullback from its July 21 high before briefly rebounding on the German permit news, and today's decline extends the pattern of post-catalyst digestion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments