Ucommune Stock Drops 9% Ahead of U.S. Holiday
Ucommune International Ltd’s shares on Nasdaq dropped 9.2% Thursday to finish at $2.96, pushing the Chinese flexible-office operator lower ahead of Friday’s U.S. open. Google Finance had the stock at $2.98 after hours. The intraday spread was between $2.76 and $3.28. Ucommune’s drop is notable as it’s a microcap, so price swings can hit fast when trading is light. Robinhood put its market value at around $2.04 million, with 128,720 shares traded, above the usual 52,910 daily average.