What's Behind RELX's Monthly 76% Stock Gains?
Ellesmere Zhu
RLX's stock chart today, source: Yahoo Finance
On Nov.29, RLX (RELX Technology Inc.) stock price skyrocketed this month from 1.25$ to 2.20$, up 76%. 2FIRSTS reasoned the possible stimulants of the rise this month.
RLX's monthly chart, source: Yahoo Finance
Contributive Research
RLX has been investing heavily in R&D this quarter, as revealed in its Q3 report.
Previously the medical SCI journal "Nicotine and Tobacco Research" published the results of the first domestic clinical study on e-cigarettes, confirming that the nicotine pharmacokinetic characteristics of e-cigarettes are close to those of cigarettes and may be used to alleviate "withdrawal reactions". It is understood that the study was initiated and funded by Shenzhen Wuxin Technology Co., Ltd, RLX's Chinese company, and was the first e-cigarette clinical research project in China registered in the China Clinical Trials Registry (ChiCTR) and the World Health Organization International Clinical Trials Registry Platform (WHO ICTRP).
Summary of the research source: chictr
Adaption to the New National Standard
"During the third quarter of 2022, we remained dedicated to preparing for a smooth transition to the new national standards, which came into full effect on October 1, 2022. Specifically, we wound down shipments of our older products and gradually switched to the National Transaction Platform on a regional basis. We have now achieved full geographical coverage nationwide," said Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors, and CEO of RLX Technology on the Q3 reprot.
Peer "Pressurizer"
RLX Technology has recently received its S&P Global ESG score, resulting from the latest annual CSA (Corporate Sustainability Assessment), ranking ahead of global e-vapor peers, reported PRnewswire. This may add to the esprit de crops of the company which in turn reciprocated with a continuous rise in stock.
2FIRSTS will continue to follow up on the dynamics of e-cig market players. Please stay tuned.
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