--- title: "U.S. stock market update: Mingteng down 15.93%, stock price plummets due to reduced customer orders" type: "News" locale: "en" url: "https://longbridge.com/en/news/290463136.md" description: "Mingteng fell 15.93%; QuantumScape fell 1.24%, with a transaction volume of USD 158 million; Aptiv rose 1.44%, with a transaction volume of USD 693.1 million; Visteon rose 6.64%, with a transaction volume of USD 569.2 million; Magna International rose 1.35%, with a market value of USD 18.3 billion" datetime: "2026-06-22T16:52:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290463136.md) - [en](https://longbridge.com/en/news/290463136.md) - [zh-HK](https://longbridge.com/zh-HK/news/290463136.md) --- # U.S. stock market update: Mingteng down 15.93%, stock price plummets due to reduced customer orders **U.S. Stock Market Midday Update** Mingteng fell 15.93%, with increased trading volume. Based on recent key news: 1. On June 20, Mingteng International announced a reduction in orders from one of its major clients, leading to heightened market concerns about its future performance. The decrease in orders directly impacted the company's revenue expectations, resulting in a significant drop in stock price. 2. On June 19, the overall industry performance was weak, with the automotive manufacturing sector facing supply chain issues, further exacerbating the stock price pressure on Mingteng. Supply chain problems led to increased production costs, affecting the company's profitability. 3. On June 18, analysts downgraded Mingteng's rating, anticipating challenges to its future profitability. The downgrade reflects the market's pessimistic outlook on the company's prospects, causing the stock price to continue declining. Supply chain issues in the automotive manufacturing sector persist, affecting the overall industry performance. **Top Stocks by Trading Volume in the Industry** QuantumScape fell 1.24%. Based on recent key news: 1. On June 22, QuantumScape announced a solid-state battery technology agreement with Honda. This news raised market interest in QuantumScape's technological potential, but failed to immediately boost the stock price, which still fell by 1.24%. Source: Reuters 2. On June 22, QuantumScape's stock price has dropped about 7% over the past month, underperforming compared to the S&P 500 index's decline of 0.3%. Year-to-date, QuantumScape's stock price has fallen about 26%, while the S&P 500 index has risen by 9%. Source: Benzinga 3. On June 22, Factorial emphasized its expansion plans in the electric vehicle battery business. Despite QuantumScape's progress in solid-state lithium metal battery technology, the market remains cautious about its commercialization prospects. Source: Zhitong Finance. The battery industry is rapidly advancing, with intense competition. Aptiv rose 1.44%. Based on recent news: 1. On June 21, analyst ratings indicated that Aptiv currently has a moderate buy rating but is not included in the top recommended stocks list. Analysts believe there are five other stocks that are more attractive, which may affect investor confidence in Aptiv, leading to stock price fluctuations. 2. No other significant news recently. The market is highly focused on GLP-1 trends. Visteon rose 6.64%. Based on recent key news: 1. On June 22, JP Morgan upgraded Visteon's rating from neutral to overweight and raised the target price from $108 to $165. This rating upgrade directly drove the stock price increase. 2. On June 22, JP Morgan stated that Visteon's new business has achieved significant growth, including projects with Toyota, Hyundai two-wheelers, TRATON, the China AI-HPC project, and expansion in India. The growth expectations for these businesses supported the rise in stock price On June 22, JP Morgan expected Visteon to achieve over $5 billion in revenue and over $700 million in EBITDA by 2029. This long-term growth expectation further enhanced market confidence, driving the stock price up. The automotive supplier industry has performed strongly recently, with significant capital inflows. **Stocks ranked at the top of the industry market capitalization** Magna International rose 1.35%. There has been no significant news recently; trading is active, and capital flows are evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. no\_news ### Related Stocks - [MTEN.US](https://longbridge.com/en/quote/MTEN.US.md) - [QS.US](https://longbridge.com/en/quote/QS.US.md) - [APTV.US](https://longbridge.com/en/quote/APTV.US.md) - [VC.US](https://longbridge.com/en/quote/VC.US.md) - [MGA.US](https://longbridge.com/en/quote/MGA.US.md) ## Related News & Research - [3 Rock-Solid Dividend Kings That Have Raised Their Dividend Payments for Over 60 Years](https://longbridge.com/en/news/295654707.md) - [GM’s Samsung SDI Battery Deal Changes Shape as Indiana Plant Pivots to Energy Storage](https://longbridge.com/en/news/295567042.md) - [The McLaren P1 Is Getting A Huge Battery Upgrade With 3X The Original Capacity](https://longbridge.com/en/news/295520392.md) - [Kinder Morgan Just Locked In a $5 Billion Pipeline Deal. 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