🔴 Highway Holdings is trading 5.5% down today on profit-taking after recent strong Q1 earnings and new energy storage partnership

Highway Holdings is trading 5.5% down at $1.25 today, likely due to profit-taking following a significant multi-day rally.

• Shares had surged from $0.78 on July 17 to a peak of $1.32 on July 23, driven by recent positive news.
• On July 20, the company reported strong Q1 fiscal 2027 results, with revenue up 29% and gross profit up 58%, returning to operating profitability.
• Additionally, on July 22, Highway Holdings announced a strategic Letter of Intent to form a joint venture for energy storage solutions with Guangdong Huahu New Energy Technology.