TIANYU SEMI (02658.HK) Shares Fall 34.5% to $38 on First Day of Trading
Written by Emily J. Thompson, Senior Investment Analyst
Source: aastocks
Updated: 3 hour ago0mins
Stock Performance: TIANYU SEMI (02658.HK) opened at $38, which is a 34.5% drop from its listing price of $58, reflecting a significant decline in its debut.
Trading Volume: At market open, 1.52 million shares of TIANYU SEMI were traded, indicating active trading despite the stock's poor performance.
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Intellectia
Analyst Views on 02658
Wall Street analysts forecast 02658 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02658 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 58.000
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Current: 58.000
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About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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