Stock Track | KE Holdings Inc. (BEKE) Plummets 5.04% Intraday Amid Insider Sale and Major Shareholder Divestment

Stock Track12-09

KE Holdings Inc. (BEKE) saw its shares plummet by 5.04% during intraday trading on Tuesday, reflecting investor concerns following recent developments.

The drop comes after BEKE's Co-founder, Chairman, and CEO Peng Yongdong sold shares to fulfill a prior donation pledge, marking his first stock sale since the company's U.S. listing in 2020. Additionally, China Vanke confirmed it has fully divested its holdings in BEKE, further contributing to the downward pressure on the stock.

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