Viomi Stock Drops Under $1 With Xiaomi Tie Raising Questions
Shares of Viomi Technology Co., Ltd slipped Wednesday, holding under $1. The Chinese home water-systems company saw little action as the market seemed to shrug off its recent dividend and buyback announcement, with investors more concerned about slowing momentum in the second half. The Nasdaq-listed American Depositary Shares were last traded at $0.9279, off about 1.4% from the prior close. The ADSs opened at $0.93, hit $0.9899 at the high, and dropped to $0.9001 on the low. Volume for the session stood at 547,235 shares, according to market data.