Flash crash, 3 consecutive stop!

Spark Global Limited reports:

Phoenix shares investors, the latest crazy roller coaster ride, inverted V!
After the previous consecutive rise, the ox and phoenix shaped shares in the recent three trading days of continuous flash collapse limit, and the news is not what major changes, investors a face meng, even called “kill pig plate”.
Phoenix shape shares skyrocketed nearly 2 times after the sudden 3 limit
In the case of no big changes in the news, phoenix shape shares suddenly three consecutive flash collapse limit, is the recent A share market trend more abnormal stocks.

Spark Global Limited reports:
And before this, the share price of Phoenix shape has risen nearly 2 times in a row in half a year, which is a bull stock. The previous surge did not see a particularly strong logic, so the recent consecutive decline is considered to be profit taking.

Fengxing co., Ltd. is a high-tech enterprise specializing in the research and development, production, sales and technical services of wear-resistant materials in the field of metal castings. The company’s market value is not large, even after a boom, the latest market value of 2.68 billion yuan.

In terms of business performance, it has been worth tens of millions of yuan every year in recent years. In 2019 and 2020, the operating revenue was 611 million yuan and 704 million yuan respectively, and the net profit was 66.15 million yuan and 60.97 million yuan respectively. Revenue in the first quarter of this year was 217 million yuan, up 66%; Net profit was 20.2 million yuan, up 42%.
Netizens call “kill pig plate”, “zhuang stock”

At the end of the latest quarter, there were only 8,050 shareholders, and the number of shareholders was also small. And in the stock bar, for the stock fluctuation is larger, some netizens think that the stock for zhuang stock, pig plate.

As for the recent large fluctuations, the company issued a statement saying that after verification and confirmation with the company, the controlling shareholders and the actual controller, the company does not have any major matters that should be disclosed but not disclosed, and there is no other major matters in the planning stage.

The major shareholders want a fire sale

Intense institutional game

From the recent dragon and Tiger list trading seats, institutional investors trading game is intense, in today’s August 11 seats, there is one institution to buy 7.68 million yuan. Between August 9 and August 10, two institutions bought more than 47 million yuan of seats, and two institutions sold about 55 million yuan of seats.

And before that, the stock price all the way up in the process, the company’s important shareholders also issued a reduction announcement. More than 5% of the major shareholder Chen Xiao plans to sell down no more than 9,162,231 shares from 2021-07-01 to 2022-01-19, accounting for no more than 10.41% of the total share capital; Director Zhou Qi plans to sell down no more than 6357 shares from 2021-08-04 to 2022-02-03, accounting for no more than 0.01% of the total share capital.

article links:Flash crash, 3 consecutive stop!

Reprint indicated source:Spark Global Limited information