What's Going On With Cheetah Net Stock Thursday?

Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) stock experienced volatility on Thursday, trading at $0.0749, up 71.94% following the announcement of its acquisition of JoyPak Supply for $788,000 in cash. The company, which had approximately $2.1 million in cash and $74.1 million in working capital as of June 30, 2026, expects the acquisition to close within four weeks, diversifying its product mix. Trading volume surged to about 876.24 million shares, significantly higher than the 100-day average of 10.46 million shares, indicating increased investor interest in the stock.