SANHUA Intelligent Controls' stock plummeted 5.03% during intraday trading on Thursday, extending recent declines as the stock faces continued selling pressure.

The decline follows a significant rally where the stock had surged over 12% since May 21, driven by optimism around the robotics sector recovery and expectations for Tesla's Optimus mass production. With the stock having already declined approximately 3.5% in the previous session, profit-taking pressure has continued to build.

Additionally, market sentiment was dampened by institutional selling, with Baillie Gifford & Co reducing its holdings by 792,500 shares on May 19, lowering its stake from 7.13% to 6.97%. The broader industrial machinery sector also remained under pressure, contributing to the stock's downward movement.