Market Slump Drags Down Share Prices of These 15 Companies

2. ZEEKR Intelligent Technology Holding Limited (ZK)

ZEEKR Intelligent (ZK), a Chinese automobile company owned by Geely Automobil Holdings, saw its share price drop by 9.6 percent on Friday to finish at $29.2 per share as investors resorted to profit-taking following a surge in the company’s share prices in the days prior.

In the past 30 days alone, Zeekr registered a 24-percent increase in its price, while eking out a 0.89-percent gain from its public offering price of $28.26 each in May this year.

In the long term, analysts remained bullish on the company’s stock as it stands to benefit from the booming electric vehicle industry, especially with China being the largest manufacturer of EVs with a 60 percent market share, followed by Europe with 25 percent, and the US with 10 percent.