Why Is Cheetah Net Supply Chain Stock Sliding On Friday?
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Cheetah Net Supply Chain stock (NASDAQ:CTNT) is down 5.23% to $3.08 following a 1-for-200 reverse stock split, which reduced outstanding shares from over 391 million to approximately 1.95 million. The stock is trading significantly below its moving averages, indicating persistent downside control. Analysts expect a loss of $10 per share in the upcoming earnings report on May 12, with projected quarterly revenue of $200,000. The stock has seen a 98.91% decline over the past year, reflecting ongoing bearish trends.
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