GigaDevice Semiconductor is trading 10% up at CNY 475.53 as buyers return to the stock following a company clarification regarding recent abnormal price fluctuations.
- The company stated that business operations remain normal and no undisclosed material events exist, which has successfully reassured investors.
- The rebound follows a cumulative drop of more than 20% between July 16 and July 20, encouraging bargain hunting at lower price levels.