Haoxin Holdings shares fall 11.79% premarket amid IPO aftermath and liquidity-driven volatility.

Haoxin Holdings (HXHX) fell 11.79% in premarket trading following a 26.5% intraday rally attributed to post-IPO liquidity constraints and speculative buying. The stock, which priced its April 2025 IPO at $4/share but has since traded below $1, experienced a sharp rebound due to thin order books amplifying price swings. However, technical indicators—oversold RSI (12.65), bearish MACD (-0.165), and a bearish engulfing candle—suggest the rally was a short-term bounce rather than a trend reversal. Historical backtests show similar intraday surges in HXHX typically reverse within 30 days, with median next-day returns of -8%. The drop aligns with sector-wide volatility from Trump-era tariffs and margin pressures on cold chain logistics providers, compounding caution. Thin liquidity and mean-reversion tendencies further underscore the bearish correction.