Stock Track | LEGENDHOLDING Plummets 5.09% in Intraday as Lenovo Group Declines After Rally

Stock Track06-04

LEGENDHOLDING's stock plummeted 5.09% during intraday trading on Thursday, extending a recent pullback.

The decline follows a sharp rally driven by strong annual results from its subsidiary Lenovo Group, which reported full-year revenue growth of 20.3% and a 42.1% surge in adjusted net profit. Multiple investment banks, including Goldman Sachs, Macquarie, and Citi, had raised target prices on LEGENDHOLDING, viewing it as a cheaper avenue to gain exposure to Lenovo's AI-driven growth. Lenovo's stock had surged 187% year-to-date to a 25-year high before the recent downturn.

Today, Lenovo Group fell 4.36%, continuing to exert downward pressure on LEGENDHOLDING and contributing to its second consecutive session of decline.

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