Elong Power's 68.57% Plunge Triggers Volatility Trading Halt

Elong Power shares plunged 68.57% in pre-market trading on May 29, 2025, triggering a volatility trading pause to stabilize markets amid extreme price swings. The halt followed regulatory protocols designed to curb abrupt fluctuations and restore orderly trading conditions.

Recent reports indicate the company faced repeated trading interruptions, with its stock suspended multiple times over the past week due to excessive volatility. Analysts highlight heightened instability linked to ELPW’s exposure to competitive pressures in the energy sector, though specific catalysts for the latest selloff remain unclear. Prior halts were tied to abrupt declines, including a 30.83% drop in mid-May.

Industry dynamics suggest ELPW operates in a crowded space, with rivals like U Power Limited and Amprius Technologies vying for market share. While competitors reported varied performances, ELPW’s sensitivity to volatility underscores its precarious position in a sector prone to sudden valuation shifts. Technical indicators previously flagged overextended conditions, but the scale of today’s drop exceeds typical trading patterns.

Market participants note the stock’s history of extreme swings, with daily volatility often exceeding 5%, amplifying risk for investors. The latest plunge aligns with broader concerns about liquidity and stability in thinly traded equities. Regulatory pauses, while temporary, signal heightened scrutiny of ELPW’s market behavior as investors reassess its fundamentals amid persistent instability.