Why Recon Technology (RCON) Is Crashing This Week

2 days ago 3

Sultan Khalid

Thu, Apr 17, 2025, 6:43 AM 3 min read

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We precocious published a database of Energy Stocks that are Losing This Week. In this article, we are going to instrumentality a look astatine wherever Recon Technology, Ltd. (NASDAQ:RCON) stands against different vigor stocks that are crashing this week.

After an encouraging commencement to the year, the vigor manufacture is present trailing conscionable down the wide market. As of the penning of this piece, the wide vigor assemblage has fallen by 8.31% since the opening of 2025, against a diminution of 8.04% by the wider market. The lipid and state manufacture has been deed peculiarly hard, sliding by 20.76% since the opening of the year.

The large crushed down this autumn is the diminution successful the planetary prices of oil, which person plunged by a small implicit 15% since the opening of 2025. The prospects of an economical slowdown pursuing a planetary tariff war, coupled with the caller determination by OPEC+ to summation proviso successful May, person weighed down the planetary crude price. Moreover, the US Energy Information Administration (EIA) revealed successful its latest study that it present projects planetary lipid depletion to summation by 900,000 b/d successful 2025 and 1 cardinal b/d successful 2026, down by 400,000 b/d and 100,000 b/d, respectively, from its archetypal forecast successful March. The EIA has besides forecasted the WTI terms to mean $63.88 per tube this twelvemonth earlier dropping to an mean of $57.48 successful 2026. The crisp diminution successful prices and the expected slowdown successful request maturation person taken a toll connected lipid stocks and shaken capitalist confidence.

Why Recon Technology, Ltd. (RCON) is Crashing This Week

Why Recon Technology, Ltd. (RCON) is Crashing This Week

An lipid rig pumping presumption with a wide entity down it, illustrating the company's wide scope of activities successful the lipid and state business.

To cod information for this article, we person referred to respective banal screeners to find vigor stocks that person fallen the astir betwixt April 8 to April 15, 2025. The pursuing are the Energy Stocks that Lost the Most This Week. The stocks are ranked according to their stock terms diminution during this period.

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Share Price Decline Between Apr. 8 and Apr. 15: 15.82%

Recon Technology, Ltd. (NASDAQ:RCON) is simply a China-based autarkic solutions integrator successful the oilfield work and biology protection, electrical power, and ember chemic industries.

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