Cheetah Net Supply Chain Service (CTNT) Stock Soars Nearly 18% After Hours: What's Driving the Surge?
Cheetah Net Supply Chain Service Inc. (CTNT) experienced a notable spike in its stock value, with shares rising by 17.74% to $1.87 in after-hours trading on Wednesday. This upward movement was largely attributed to a recent disclosure with the Securities and Exchange Commission, which confirmed that Huan Liu, the company's CEO and Interim CFO, had purchased 200,000 Class B common shares via a private placement. This strategic acquisition, totaling $400,000, reflects a strong vote of confidence from the company's leadership.
Details of the Recent Surge in CTNT Stock
On Wednesday, June 18, 2026, Cheetah Net Supply Chain Service Inc. (CTNT) saw its stock price climb significantly during after-hours trading. The surge was triggered by the announcement of a substantial insider purchase. Huan Liu, serving as both CEO and Interim CFO, acquired 200,000 shares of Class B common stock at a price of $2.00 per share. This transaction, which amounted to $400,000, was made public through a filing with the Securities and Exchange Commission. Following this acquisition, Liu's total beneficial ownership now stands at 203,456 shares, representing a 6.4% stake in the company, based on 2.95 million Class A shares outstanding. Liu clarified that these shares were acquired purely for investment purposes, with no immediate plans for mergers, asset sales, or changes to the board. The market interprets such insider buying at a price above the last closing value (CTNT closed at $1.58 on the regular session) as a robust indicator of management's belief in the company's future prospects. This move comes after Cheetah Net's recent acquisition of Super International Trading Limited, a Hong Kong-based industrial equipment trading firm, in June, and a 1-for-200 reverse stock split in April. Despite a 99.37% drop over the past year and a current trading price near its 52-week low of $1.48, the company's market capitalization stands at $4.69 million. In its most recent quarter reported in May, Cheetah managed to beat loss per share estimates by 54.7%, posting a loss of $4.53 against an estimated negative $10.00, although revenue fell short of projections.
This insider investment by Huan Liu highlights the potential for a turnaround or growth within Cheetah Net Supply Chain Service Inc. While past performance indicates significant challenges, the CEO's personal financial commitment could signal an anticipated improvement in the company's trajectory. Investors will likely watch closely to see if this confidence translates into sustained positive momentum and a recovery from its current low valuation.
