---
title: "Cheetah Net Supply Chain Service (CTNT) Stock Surges Nearly 18% After Hours: What's Going On?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290156706.md"
description: "Cheetah Net Supply Chain Service (CTNT) shares surged nearly 18% in after-hours trading following the disclosure that CEO Huan Liu purchased 200,000 shares via private placement at $2.00 per share. The insider buy, totaling $400,000, signals confidence in the company's prospects despite recent financial losses and a significant stock price decline over the past year."
datetime: "2026-06-18T06:56:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290156706.md)
  - [en](https://longbridge.com/en/news/290156706.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290156706.md)
---

# Cheetah Net Supply Chain Service (CTNT) Stock Surges Nearly 18% After Hours: What's Going On?

**Cheetah Net Supply Chain Service Inc.** (NASDAQ:CTNT) shares jumped 17.74% in after-hours trading Wednesday to $1.87 after a **Securities and Exchange Commission** filing disclosed CEO, Interim CFO and Chairman **Huan Liu** purchased 200,000 shares of Class B common stock through a private placement.

## Insider Buy Signals Confidence

Liu acquired the shares at $2.00 per share on Monday, totaling $400,000.

According to a separate SEC filing, the transaction lifted Liu’s aggregate beneficial ownership to 203,456 shares, representing a 6.4% stake based on 2.95 million Class A shares outstanding. Liu acquired the shares for investment purposes and has no plans for mergers, asset sales or board changes.

CTNT closed the regular session down 1.55% at $1.58, according to Benzinga Pro.

Liu’s buy at $2.00, above the stock’s last closing price, is generally interpreted by investors as a strong vote of confidence in the company’s prospects.

In its most recently reported quarter in May, Cheetah posted loss per share of $4.53, beating the estimate of negative $10.00 by 54.7%, though revenue of $92,700 missed the $200,000 estimate by 53.6%.

The buy follows Cheetah Net’s acquisition of **Super International Trading Limited**, a Hong Kong-based large-scale industrial equipment trading firm, in June.

The stock underwent a 1-for-200 reverse stock split on Apr. 20.

## Trading Metrics, Technical Analysis

Cheetah Net Supply has a market capitalization of $4.69 million, a 52-week high of $424 and a 52-week low of $1.48.

The Relative Strength Index (RSI) of CTNT stands at 21.56.

The small-cap stock of the California-based logistics and warehousing services company has dropped 99.37% over the past 12 months.

CTNT is currently trading close to its yearly low.

**Benzinga’s Edge Stock Rankings** indicate that CTNT has a negative price trend across all time frames.

_Photo Courtesy: Joyseulay on Shutterstock.com_

**Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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