Stock Track | UISEE Technology Plummets 5.33% Intraday on Profit-Taking After Record High

Stock Track05-28

UISEE Technology's stock plummeted 5.33% during intraday trading on Thursday, following a significant surge in the previous session.

The decline comes as investors engaged in profit-taking after the stock reached an all-time high in the prior session, when it surged over 13%. That rally was driven by the company's announcement of progress in its strategic cooperation with Xinjiang Airport Group, including winning orders for 10 unmanned buses and 6 unmanned delivery vehicles.

UISEE Technology, which provides L4 autonomous driving solutions focused on commercial vehicles in closed scenarios like airports, had recently recovered from an initial post-IPO decline and remains approximately 22% above its IPO price despite the current pullback.

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