Stock Track | SANHUA Plummets 5.04% Intraday as Profit-Taking Continues After Rally, Institutional Selling Weighs

Stock Track

05/29

SANHUA's stock plummeted 5.04% during intraday trading on Friday, extending a recent pullback.

The decline is attributed to continued profit-taking following a significant rally where the stock surged over 12% recently, driven by optimism around robotics sector recovery and Tesla's Optimus mass production expectations. Additionally, institutional selling pressure contributed to the downturn after Baillie Gifford & Co reduced its stake in the company.

Broad weakness in the industrial machinery sector, with several peers also trading lower, amplified the selling pressure on SANHUA during the session.

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