On June 29, KIOXIA Holdings fell 5.18% in regular trading, trading at $53.5/share, with turnover of $6.5195 million. The stock extended its recent correction, continuing to retreat from a 17%-plus surge on June 25 triggered by its announcement of plans to list on a US main board exchange.
The rally has since been almost entirely reversed, with the stock sliding 13.17% on June 26 alone before further declines. On the fundamental side, international investment bank Bernstein has maintained its Underperform rating on KIOXIA, estimating approximately 50% downside from current levels. The firm argues that the company's elevated gross margins reflect a temporary supply-demand imbalance rather than structural strength, and that NAND flash memory prices may be approaching a cyclical peak. The combination of profit-taking pressure and valuation concerns continues to weigh on the stock after the US listing catalyst has been fully absorbed by the market.
(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.)
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