HKIT is trading 7.42% down at $3.86 as the stock faces extreme volatility and profit-taking following its 1-for-25 reverse stock split.
- The reverse split became effective on July 6, 2026, triggering sharp price swings despite a lack of new company-specific catalysts this morning.
- Broader risk-off sentiment is weighing on the sector, with crypto-linked names under pressure as Bitcoin and Ethereum trade down 2.48% and 2.93% respectively.