--- title: "U.S. Stock Market Midday Update: High-Trend down 14.13%, institutional issuance and delisting news trigger a crisis of market confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/286599056.md" description: "High-Trend fell 14.13%; Kabi Shipping fell 1.22%, with a transaction volume of USD 31.78 million; Matson fell 1.34%, with a transaction volume of USD 14.12 million; Star Bulk Carriers fell 1.65%, with a transaction volume of USD 10 million; ZIM Integrated Shipping Services rose 0.08%, with a market value of USD 3.097 billion" datetime: "2026-05-15T17:52:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286599056.md) - [en](https://longbridge.com/en/news/286599056.md) - [zh-HK](https://longbridge.com/zh-HK/news/286599056.md) --- # U.S. Stock Market Midday Update: High-Trend down 14.13%, institutional issuance and delisting news trigger a crisis of market confidence **U.S. Stock Market Midday Update** High-Trend fell 14.13%, with increased trading volume. Based on recent news, 1. On May 13, High-Trend International Group announced the sale of 2,307,700 shares of Class A common stock to global institutional investors at a price of $6.50 per share, expecting to raise approximately $15 million. This news led to a decline in market confidence in the company's stock price, resulting in a significant drop. 2. On May 14, High-Trend International Group announced the cancellation and delisting of 630,000 shares of Class A common stock, which is part of the company's restructuring plan. Although this news is beneficial for the company's long-term development, the market reacted negatively in the short term, and the stock price continued to decline. 3. On May 13, Benzinga Edge's rating indicated that High-Trend International Group's momentum was weak, and market performance was poor. This news further undermined investor confidence, leading to a drop in stock price. The market is volatile, and investor sentiment is low. **Stocks with High Trading Volume in the Industry** Kabi Shipping fell 1.22%, with a trading volume of $31.78 million, and increased trading volume, with no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Matson fell 1.34%. Based on recent key news: 1. On May 12, Matson's Senior Vice President Kuuhaku T. Park sold 2,500 shares of common stock at a trading price of $180.19 per share. This move reduced his direct holdings to 10,984 shares, and the market's reaction to the executive's stock sale may lead to a decline in stock price. 2. On May 12, Matson's Executive Vice President and Chief Administrative Officer Peter T. Heilmann sold 7,173 shares of common stock, also at a trading price of $180.19 per share. After this transaction, his holdings decreased to 25,506 shares. The consecutive executive sales have intensified market concerns about internal confidence in the company, further impacting the stock price. 3. No other significant news recently. The overall industry performance is stable, and capital flows are active. Star Bulk Carriers fell 1.65%. Based on recent news, 1. On May 13, analyst ratings showed that Star Bulk Carriers was rated as a buy but was not included in the top recommendations. Analysts believe there are five other stocks with greater investment value, which may weaken investor confidence in Star Bulk Carriers, affecting the stock price. 2. On May 12, market expectations for overall demand in the shipping industry declined, putting pressure on related stocks. The slowdown in global economic growth has negatively impacted shipping demand, thus affecting Star Bulk Carriers' stock price On May 11, Xingsan Shipping's quarterly financial report showed that earnings fell short of expectations, leading to a negative market reaction. The revenue and profit data presented in the report did not meet analysts' expectations, further exacerbating the decline in stock prices. Shipping demand has decreased, putting pressure on the industry. **Stocks ranked among the top in industry market capitalization** Xing Shipping rose by 0.08%. Based on recent key news: 1. On May 13, analyst ratings indicated that Xing Shipping was not included in the recommended buy list. Although Xing Shipping currently holds a rating, top analysts believe there are five other stocks with greater investment value, which may affect investor confidence and lead to stock price fluctuations. Source: MarketBeat 2. No other significant news recently. The shipping industry has performed steadily lately, with limited capital inflow ### Related Stocks - [HTCO.US](https://longbridge.com/en/quote/HTCO.US.md) - [KEX.US](https://longbridge.com/en/quote/KEX.US.md) - [MATX.US](https://longbridge.com/en/quote/MATX.US.md) - [SBLK.US](https://longbridge.com/en/quote/SBLK.US.md) - [ZIM.US](https://longbridge.com/en/quote/ZIM.US.md) ## Related News & Research - [High‑Trend International Group Announces Cancellation and Retirement of 630,000 Class A Ordinary Shares](https://longbridge.com/en/news/286466616.md) - [France's CMA CGM suspends Cuba bookings after US executive order](https://longbridge.com/en/news/286679336.md) - [Ericsson, Net Feasa Team Up on Maritime Connectivity System](https://longbridge.com/en/news/286879838.md) - [Top Matson Executives Quietly Unload Shares in Back-to-Back Insider Moves](https://longbridge.com/en/news/286630055.md) - [Should you invest $1,000 in AGNC Investment right now?](https://longbridge.com/en/news/286802595.md)