Stock Track | Estun Automation Plummets 9.54% Intraday on Profit-Taking After Rally and Sector Weakness

Stock Track

06/10

Estun Automation's stock plunged 9.54% intraday on Wednesday, marking a significant reversal from its recent strong performance.

The sharp decline appears to be driven by technical profit-taking pressure following an aggressive rally where the stock posted consecutive daily limit-up closures and surged over 25% in previous sessions. The company has issued an abnormal trading fluctuation announcement confirming significant price deviations but stated there are no undisclosed material matters.

Adding to the downward pressure, the broader industrial machinery sector experienced weakness with peers like UBTECH ROBOTICS, HANS CNC, and GEEKPLUS-W all trading lower, creating a negative sentiment that further suppressed Estun Automation's intraday performance.

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