Stock Track | Pop Mart Plummets 8.68% Intraday Amid US Sales Growth Concerns

Stock Track12-08 13:38

Pop Mart's stock (09992) dropped sharply by 8.68% during Monday's intraday trading session, marking its steepest decline in over six weeks. The sell-off was driven by renewed investor concerns over slowing sales growth in the US, particularly during the Black Friday promotional period.

Analysts pointed to potential weak US sales as a key factor dampening market confidence. Pop Mart had previously reported over 1,200% growth in American sales for the September quarter, but estimates suggest this growth may have slowed to below 500% in the current quarter. Additionally, short interest in the stock has risen to 6.3% of total free float, reflecting increasing bearish bets due to concerns about product diversity and lack of new revenue drivers.

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