RTTNews | Nov 23, 2021 11:37AM EST

11:37 Tuesday, November 23, 2021 (RTTNews.com) - Chinese tobacco company RLX Technology Inc. (RLX), shares are trading 7% higher on the Tuesday market despite no stock-related news from the company. The stock, much like other Chinese companies listed in the US, has lost its value since the start of the year. The stock has already lost 65% in the past six months due to intense government regulations and scrutiny. However, in the past 7 days, the stock has gained 10% on the market. The stock is currently trading at $5.03, up $0.13 or 2.55% since the last close at $4.91. The share opened at $5.53 in the morning and in the 52-week period, the shares have ranged between $3.70 and $35.00.

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