C Shengu Opens Lower, Then Rises More Than 5% After Earlier Fall of Nearly 30%

C Shengu opened lower on September 18 but reversed course to gain more than 5%, recovering from an earlier decline of nearly 30%. The stock's intraday swing marked a sharp turnaround for the newly listed company, whose shares had come under heavy selling pressure before buyers stepped in. The move left the stock up more than 5% on the day, a swing of roughly 35 percentage points from its session low.