Cheche Group, Inc. CCG shares are moving lower Thursday. The stock appears to be moving on continued downward momentum after recording massive gains on Monday.
What To Know:
On Monday, shares of CCG closed at $74.75, up more than 500%, on the stock’s first day of trading following the successful completion of the business combination of Cheche Group and Prime Impact Acquisition.
The stock has since sold off as traders take profits and trading volume has decreased.
Shares of CCG are now trading at $12.43, near the stock’s all-time low of $11.47. According to data from Benzinga Pro, 475 thousand shares have been traded in the session, illustrating the reduction in the stock’s interest and trading volume.
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CCG Price Action: According to Benzinga Pro, Cheche Group shares are down more than 50% at $12.43 at the time of publication.
Image: Mohamed Hassan from Pixabay
Image and article originally from www.benzinga.com. Read the original article here.