Wetouch Technology shares surge 15.25% intraday after shareholders approve expanded share authorization to 65 million.

Wetouch Technology surged 15.25% intraday after shareholders approved a significant increase in authorized common shares from 15 million to 65 million during its 2025 Annual Meeting on December 26, 2025. The move, alongside re-electing key board members and ratifying its auditor, signals enhanced financial flexibility for potential capital-raising or strategic initiatives. The approval of executive compensation and broad shareholder support further reinforce confidence in the company’s governance and direction. Analysts have upgraded the stock to "Buy" with a $2.00 price target, aligning with the positive corporate developments that likely drove the sharp intraday rally.