On the morning of December 26th, YEG shares fell to the floor price after 7 consecutive sessions of hitting the ceiling price, and were preparing to receive 13.5 million shares traded on December 19th.
On the morning of December 26th, YEG shares fell to the floor price after 7 consecutive sessions of hitting the ceiling price, and were preparing to receive 13.5 million shares traded on December 19th.
Shares of Yeah1 Group Joint Stock Company (code YEG) reversed course and fell sharply on the morning of December 26, 2024, after seven consecutive days of hitting the upper limit from December 17 to December 25, 2024.
Nearly 6.5 million YEG shares were traded on the morning of December 26th, rising from the intraday ceiling price of 24,800 VND to the floor price of 21,600 VND per share. The sell order at the floor price in the afternoon reached 5.3 million shares. On the afternoon of December 27th, over 9.5 million shares traded on December 25th will be credited to investors' accounts. With this massive volume of shares coming into account, YEG shares are expected to continue facing profit-taking pressure.
It is estimated that approximately 13.5 million shares were traded on December 19th, the second day YEG hit the ceiling price, resulting in a profit margin of over 20% upon the shares being credited to accounts.
Brokers advise investors not to rush into buying YEG shares at the bottom, as the previous rapid increase has caused the stock chart to form a Christmas tree pattern, a risky pattern for investors who chase the price up.
Previously, in Official Letter No. 1114 from Yeah 1 responding to Letter No. 1941/SGDHCM-GS from the Ho Chi Minh City Stock Exchange regarding the request for the company to disclose information related to the YEG stock price hitting the ceiling limit for 5 consecutive sessions from December 17, 2024 to December 23, 2024, Yeah 1 clearly stated that the company's business operations are still proceeding normally according to the plan and there are no unusual fluctuations in the company's operations. The YEG stock price hit the ceiling limit for 5 consecutive trading sessions due to objective supply and demand dynamics in the stock market. The stock price is determined by the market and is beyond the company's control.
Recently, Yeah1 has actively restructured its operations comprehensively, optimizing its management and operational systems, and focusing on developing its core business segments, including the production and broadcasting of programs on digital platforms and high-quality television programs. These programs have received strong support from a large audience and generated significant social media buzz. The success of these programs and other business segments has contributed to improving the company's business results compared to the past.
The company is committed to not having any influence that affects the trading price of YEG shares on the stock market.
Source: https://baodautu.vn/co-phieu-yeah1-giam-san-sau-7-phien-tang-tran-lien-tiep-d235688.html
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