---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42277470.md"
description: "$TRANSTHERA-B(02617.HK) has rebounded by almost 40%, but this can only be viewed against the backdrop of it having fallen over 60% in the previous two trading days — the lifting of restrictions on 6/22 led to selling pressure from 3.8 billion newly tradable shares crushing the stock price, with a single-day drop of -59.71% on 6/23, and another -11% on 6/24. The rebound on the 26th was more of a technical recovery after floating shares changed hands, not a fundamental inflection point. The market cap has evaporated about 98% from its previous high. Those bottom-fishing are betting on sentiment recovery, while those getting out think the selling pressure from the unlocked shares is far from digested. Which narrative should we believe? 🥲"
datetime: "2026-06-29T10:03:36.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42277470.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42277470.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42277470.md)
author: "[股市游侠](https://longbridge.com/en/profiles/27713102.md)"
---

# $TRANSTHERA-B(02617.HK) has rebounded by almost 40…


### Related Stocks

- [02617.HK](https://longbridge.com/en/quote/02617.HK.md)

## Comments (1)

- **特朗 · 2026-06-30T04:14:39.000Z**: The 1-hour moving average broke through the support level, liquidating all positions.