Hong Kong Stock Movement: Lock-up commitments fail to curb the pressure of the unlocking tide, CAOCAO INC's stock price plummets 10.47%

Hong Kong Stock Movement CAOCAO INC fell by 10.47%. Based on recent key news: On December 16, the management of CAOCAO INC voluntarily committed to a lock-up period for their shares, demonstrating confidence in the group, yet the stock price still declined. The company announced that 19 management members pledged not to sell their shares, with the lock-up period lasting until June 24, 2026, aimed at supporting the group's stable development. On December 15, CAOCAO INC's stock price continued to decline, with the impending unlock period triggering selling pressure. Market participants pointed out that the Hong Kong stock market is sensitive to unlock events, especially the selling pressure expectations brought by large-scale unlocks, leading to a price correction exceeding 57%. On December 15, CAOCAO INC announced that there were unusual fluctuations in stock price and trading volume, but no significant adverse changes were found. The company stated that its business operations are normal, the ride-hailing business is developing steadily, and the autonomous driving strategic direction is clear. With the unlock wave approaching, selling pressure is increasing. Stocks with High Trading Volume in the Industry Dida Chuxing fell by 5.14%, with a trading volume of HKD 3.03 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Zaitong fell by 0.46%, with a trading volume of HKD 1.07 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Guojia Lianhe Resources fell by 1.67%, with a trading volume of HKD 62,500, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Stocks with High Market Capitalization in the Industry Ruqi Chuxing rose by 0.11%, with a market capitalization of HKD 1.87 billion, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation