Tiger Brokers

Movement Alert｜CATL Falls 3.11% in Regular Trading, Target Price Cuts and Short-Selling Pressure Weigh on Stock

Market Focus
Oct 13

On October 13, CATL fell 3.11% in regular trading, trading at 479.4 HKD, with Turnover of 2.72 billion HKD.

Recent target price cuts by major banks and noted short-selling pressure are seen as the primary catalysts behind the decline. Lyon lowered its H-share target price from 770 HKD to 670 HKD, Citi from 888 HKD to 765 HKD, and Morgan Stanley from 815 HKD to 705 HKD. Lyon specifically pointed out that aside from the upcoming third-quarter results, no clear positive catalysts are expected in the near term, suggesting the stock may remain range-bound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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