--- title: "U.S. stock market midday update: Texxon plummets 15.83% after a ten-day surge, profit-taking and concerns over Chinese demand weigh heavily on stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/289629152.md" description: "Texxon fell 15.83%; United Rentals rose 0.63%, with a transaction volume of USD 231 million; Sunbelt Rentals rose 2.70%, with a transaction volume of USD 155 million; Ferguson Enterprises rose 0.73%, with a transaction volume of USD 154 million; Guhanjie rose 0.44%, with a market value of USD 62.3 billion" datetime: "2026-06-12T18:17:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289629152.md) - [en](https://longbridge.com/en/news/289629152.md) - [zh-HK](https://longbridge.com/zh-HK/news/289629152.md) --- # U.S. stock market midday update: Texxon plummets 15.83% after a ten-day surge, profit-taking and concerns over Chinese demand weigh heavily on stock price **U.S. Stock Market Midday Update** Texxon fell 15.83%. Based on recent news, 1. On June 12, Texxon Holding's revenue model in China came under scrutiny. The company provides technology-supported supply chain management services primarily to clients in the plastics and chemicals industry in East China. Since all of the company's revenue comes from China, market sentiment regarding the demand situation and industrial activity in China has significantly impacted the stock price. 2. On June 12, Texxon Holding's stock price dropped 0.43%, closing at $2.34. According to Benzinga Pro data, the price fluctuation reflects market concerns about the company's execution and margin dynamics. 3. Recently, Texxon's stock price surged by 74.40% over 10 days, but then experienced a significant pullback, falling by 15.83%. This sharp volatility may be related to a reassessment of market expectations for the company's future growth. The market is sensitive to the demand situation in China, resulting in high volatility risk. **Top Stocks by Industry Trading Volume** United Rentals rose 0.63%. Based on recent key news: 1. On June 12, United Rentals announced that its remote monitoring solution Wedge® won the 2026 Industrial Internet of Things Product of the Year Award. This award recognizes technological solutions that provide real value through connected operations and real-time data, demonstrating the company's commitment to enhancing workplace safety and efficiency, which may boost market confidence. 2. On June 12, Benzinga reported that United Rentals has outperformed the market with an annualized return of 10.67% over the past 20 years, showcasing its long-term investment value. Although current analysts rate it as a moderate buy, its long-term performance may attract investor attention. 3. On June 10, MarketBeat noted that although United Rentals is currently rated as a moderate buy, top analysts are more inclined towards other stocks, which may have some impact on its short-term market performance. The industry's IoT technology award enhances market confidence. Sunbelt Rentals rose 2.70%. Based on recent key news: 1. On June 12, analysts raised Sunbelt Rentals' target price to $80.93, despite still having 1% potential downside. Analysts unanimously rated it as "buy," which boosted market confidence and drove the stock price up. Source: FactSet. Strong industry demand enhances market confidence. Ferguson rose 0.73%, with active trading. Based on recent key news: 1. On June 12, Ferguson executives executed a Rule 10b5-1 plan, in compliance with EU market abuse regulations. The execution of this plan demonstrates internal confidence in the stock, potentially enhancing market trust in Ferguson and driving the stock price up 2. On June 11, Bernstein analyst Chad Dillard maintained a Buy rating on Ferguson PLC, with a target price of $310. The analyst's positive rating and high target price provided confidence to the market, supporting the rise in stock price. 3. On June 11, Ferguson PLC received a unanimous Strong Buy rating from analysts, with a target price of $292.75. The analysts' optimistic expectations provided upside potential for the stock price, further boosting market sentiment. The industrial sector has performed strongly recently, with noticeable capital inflows. **Stocks ranked among the top in industry market capitalization** Guanjie rose by 0.44%. There has been no significant news recently; trading is active, and capital flow is evident. Considering the sector and industry trends, the stock shows notable volatility, and specific reasons need further observation. no\_news ### Related Stocks - [NPT.US](https://longbridge.com/en/quote/NPT.US.md) - [URI.US](https://longbridge.com/en/quote/URI.US.md) - [SUNB.US](https://longbridge.com/en/quote/SUNB.US.md) - [FERG.US](https://longbridge.com/en/quote/FERG.US.md) - [GWW.US](https://longbridge.com/en/quote/GWW.US.md) ## Related News & Research - [Dear KLA Stock Fans, Mark Your Calendars for June 12](https://longbridge.com/en/news/289203222.md) - [Former Terex Executive Makes Notable Move With Fresh Stock Sale](https://longbridge.com/en/news/289138194.md) - [Trade Spotlight: How should you trade Gland Pharma, Dr Lal PathLabs, Himadri Speciality Chemical, Axis Bank, JSW Steel, and others on June 12?](https://longbridge.com/en/news/289529619.md) - ["I love inflation." 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