SUNMI TECH-W's stock plummeted 5.39% intraday, reflecting a sharp decline during the trading session.
The stock's drop follows a significant post-IPO rally, where it surged nearly 300% on its first trading day and recorded over 5% gains for two consecutive days, leading to a high-level pullback. The company's fundamentals remain stable, with no abnormal changes reported in its April share movement report, and it has attracted strategic investors like Shenzhen Capital Group, Xiaomi Group, and Meituan.
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