---
title: "Why Is Cheetah Net Supply Chain Stock Sliding On Friday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284903285.md"
description: "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."
datetime: "2026-05-01T13:24:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284903285.md)
  - [en](https://longbridge.com/en/news/284903285.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284903285.md)
---

# Why Is Cheetah Net Supply Chain Stock Sliding On Friday?

**Cheetah Net Supply Chain Service Inc.** (NASDAQ:CTNT) shares are trading lower Friday morning. Nasdaq futures are up 0.12% while S&P 500 futures have gained 0.37%.

The company recently implemented a 1-for-200 reverse stock split. This action became effective for trading on a split-adjusted basis on Wednesday.

According to a U.S. Securities and Exchange Commission filing, the split reduced the number of outstanding Class A shares from over 391 million to approximately 1.95 million. Management noted that fractional shares were rounded up to the nearest whole share.

## Recent Volatility and Halts

The downward move follows a volatile Thursday session. Shares of the California-based company halted on a circuit breaker to the upside on Wednesday. The stock eventually finished that session up 7.12%. However, the momentum shifted early Friday as retail traders weighed the new capital structure.

Investors are now looking toward May 12. Cheetah Net will report its first-quarter earnings on that date. Analysts currently estimate a loss of $10 per share. Quarterly revenue is projected to reach $200,000.

## Technical Analysis

CTNT is pinned near the bottom of its 52-week low at $2.41. The stock is trading 97.5% below its 20-day simple moving average (SMA) and 98.7% below its 100-day SMA, a gap that points to persistent downside control rather than a normal pullback.

The relative strength index (RSI), a momentum gauge, is 21.17.

Over the last 12 months, the stock is down 98.91%. The death cross in December (the 50-day SMA falling below the 200-day SMA) fits that longer-run bearish structure and helps explain why rebounds can fade quickly.

-   **Key Resistance**: $122
-   **Key Support**: $2.50

**CTNT Stock Price Activity:** Cheetah Net Supply Chain shares were down 5.23% at $3.08 during premarket trading on Friday, according to Benzinga Pro data.

_Photo: Zakharchuk / Shutterstock_

### Related Stocks

- [CTNT.US](https://longbridge.com/en/quote/CTNT.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)

## Related News & Research

- [Maxim Group Sticks to Its Buy Rating for Newsmax Inc. Class B (NMAX)](https://longbridge.com/en/news/286573867.md)
- [EagleRock Land Nets $333 Million From Class A Share Offering Priced at $18.50](https://longbridge.com/en/news/286969275.md)
- [Home Depot Ticks Up On Earnings Beat, Analysts Stick With Bullish Calls](https://longbridge.com/en/news/286944610.md)
- [Transactions in connection with share buy-back program](https://longbridge.com/en/news/286746558.md)
- [On Holding Insiders Purchased Shares Worth Over $6.6M](https://longbridge.com/en/news/286571784.md)