Cheetah Net Supply Chain Service (CTNT) Stock Surges Nearly 18% After Hours: What's Going On?

CTNT surged 17.74% in after-hours trading following a $400,000 insider purchase by CEO Huan Liu, who acquired 200,000 shares at $2.00 per share through a private placement.

The buy signals management confidence, but comes against a brutal backdrop: the stock has crashed 99.37% over the past 12 months and currently trades near its 52-week low. Cheetah Net Supply Chain Service recently completed a 1-for-200 reverse stock split in April, a move typically deployed to maintain exchange listing requirements after severe price deterioration.

The company also closed an acquisition of Super International Trading Limited, though no deal terms were disclosed in the after-hours session. The CEO's $2.00 entry price now serves as a key technical reference point for the beaten-down shares.