RLX Technology Inc: A Top Pre-market Mover

On Friday morning, RLX Technology Inc – ADR (RLX) experienced a decrease in stock value, dropping by -1.09% in pre-market trading to 1.82. Despite this setback, the company’s short-term technical score of 36 indicates that the stock has been trading less bullishly over the last month compared to a majority of stocks in the market.

Within the Tobacco industry, RLX Technology Inc – ADR ranks higher than 47% of stocks, making it stand out from the rest of the industry. The industry is ranked 95 out of 146 overall, indicating that it is not as favorable as other sectors in the market.

Over the past month, RLX Technology Inc – ADR has experienced a 2.65% decrease, closing at $1.89 on January 12. Throughout this period, the stock reached a low of $1.73 and a high of $1.94. Despite this decline, RLX holds an average analyst recommendation of Strong Buy and an average price target of $2.50, indicating that investors remain optimistic about its potential for growth in the future.

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