After a surge in stock prices and speculation linking Watson Technology to the concept of low-altitude economy, the company has come out to deny any involvement in such business activities. Despite gaining four consecutive stocks with a cumulative increase of more than 50% in 5 trading days, Watson Technology has issued multiple warnings about abnormal fluctuations in its stock prices.
In an announcement addressing the rumors, Watson Technology clarified that it does not participate in low-altitude economy, parachutes, or any related businesses. The company emphasized that its daily operations are normal and urged investors to make rational decisions.
The concept of low-altitude economy has recently gained popularity in the market, with projections suggesting significant growth in the sector. However, as the market sentiment begins to weaken and early popular concepts lose steam, the volatility in stock prices is becoming more apparent.
It has been suggested that Watson Technology‘s stock price surge could be linked to its involvement in a project to produce ultra-thin special capacitor film. This move into new energy capacitor films is seen as a potential catalyst for the company’s future growth.
While the low-altitude economy sector continues to experience activity and growth, some companies in the industry have issued warnings about abnormal stock trading fluctuations. Shuangyi Technology and Kangda New Materials saw declines in their stock prices following announcements about their revenue structures and business activities.
In the broader A-share market, the upward momentum is showing signs of weakening as popular themes lose steam and the money-making effect of certain sectors declines. Analysts suggest that the market may enter a period of volatility and consolidation in the absence of positive catalysts.
As April approaches and annual reports are released, the performance and fundamentals of listed companies are expected to play a crucial role in shaping the market outlook. Investors are advised to proceed with caution and consider all risks before making investment decisions.