Stock Track | XIZHI TECH-P Plummets 6.72% Intraday Amid Continued Selling Pressure from Rumor Aftermath

Stock Track06-08

XIZHI TECH-P's stock plummeted 6.72% during intraday trading on Monday, extending recent losses as the market continues to grapple with the fallout from earlier unsubstantiated rumors.

The decline reflects sustained selling pressure and a lack of full confidence recovery, despite the company's recent actions. Earlier in the week, the firm issued a formal clarification firmly denying all allegations regarding director misconduct and operational irregularities, and reported the matter to local law enforcement while reserving all legal rights.

Profit-taking and panic selling continue to weigh on the share price, which has now retreated significantly from its recent high. The stock had previously suffered a sharp single-day plunge triggered by a combination of a no-dividend announcement and the emergence of the damaging rumors, and the aftershock from that episode is still suppressing the stock in the near term.

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