Friday’s 10 Worst Performing Stocks

4. RLX Technology Inc. (NYSE:RLX)

RLX dropped its share prices by 3.83 percent on Friday to close at $2.26 apiece as investor sentiment was dampened by its dismal earnings performance last year.

In the fourth quarter of the year, RLX said net income attributable to the company fell by 42.8 percent to RMB121.96 million from RMB213.5 million in the same period a year earlier, while revenues rose by 56 percent to RMB813.4 million from RMB520.5 million year-on-year.

For the full-year period, RLX said net income attributable to the company was up by 3.18 percent to RMB551.8 million from RMB534 million in 2023, while revenues increased by 73 percent to RMB2.748 billion from RMB1.586 billion year-on-year.

“Moving into 2025, we will prioritize innovation, compliance, and diversity in our product portfolio while navigating the industry dynamics to capture new opportunities and drive long-term success,” said RLX CEO Ying Wang.