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Stock impact report

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of RLX Technology Inc. - RLX

RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX) 
Company Research Source: GlobeNewswire
NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  RLX Technology Inc. (“RLX” or the “Company”) (NYSE: RLX).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether RLX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On March 17, 2025, Citi downgraded RLX stock to Neutral from Buy, citing overseas headwinds from regulatory changes and an unfavorable product mix shift, and predicting that organic growth of RLX’s overseas business will decelerate in 2025. On this news, RLX’s American Depositary Receipt (“ADR”) price fell $0.30 per ADR, or 13.27%, to close at $1.96 per ADR on March 17, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the Show less Read more
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