Why RLX Technology Shares Plunged 46% Today
Shares of RLX Technology (NYSE: RLX), a manufacturer of vaping products, fell as much as 46% in trading on Monday after reports came out that China will put restrictions on e-cigarettes and other tobacco products. At 1 p.m. EDT today, shares were still down 43.6% for the day.
The Global Times, a Chinese newspaper, said the government is looking to change its laws to allow regulation of e-cigarettes and other new tobacco products.
Image source: Getty Images.
Source Fool.com
