CXMT is trading 3.3% up today at CNY 55.73 as investors step back in following a sharp profit-taking pullback from its blockbuster post-IPO rally.
- The stock previously surged more than 500% on its Shanghai debut before dropping approximately 4–5% amid technical digestion.
- Shares are now stabilizing as the market reassesses the company’s lofty valuation and long-term growth story.