RTTNews | Jul 16, 2021 11:51AM EDT

11:50 Friday, July 16, 2021 (RTTNews.com) - Chinese Tech company RLX Technology (RLX) shares are down 10% in the Street. Multiple companies have lodged class-action lawsuits against the company claiming that the company misstated its engagement with the Chinese government.

Within six months of listing with an initial price of $12, the company has dropped almost 80% in the market.

Currently, the shares are trading at $6.51, down $0.74 or 10.21% from their previous close at $7.25. The shares opened at $7.23 in the morning and in the 52-week period, the shares have ranged between $6.48 and $35.

Read the original article on RTTNews ( https://www.rttnews.com/3209726/rlx-technology-down-11-shares-hit-an-all-time-low.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved