Stock Track | REMEGEN Plummets 5% Intraday as BlackRock Reduces Stake

Stock Track12-01

REMEGEN's stock fell sharply by 5% during Monday's intraday trading session, following news of a stake reduction by BlackRock.

According to Hong Kong Stock Exchange filings, BlackRock sold 185,500 shares of REMEGEN at HK$81.6411 per share on November 25, totaling approximately HK$15.14 million. This reduced BlackRock's ownership to 4.99%, down from its previous stake. Institutional selling often signals waning confidence and can trigger broader market reactions, contributing to the stock's decline.

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