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Kanzhun Ltd. (BZ) Just Hit a New Record Low — Here’s Why

Kanzhun Ltd. (NASDAQ:BZ) is one of the 10 Stocks Underperforming the Broader Market.

Kanzhun Ltd. fell to a new 52-week low on Thursday despite the lack of fresh development, amid broader market pessimism.

In intra-day trading, the stock dropped to a record low of $12.45 before trimming losses to end the day just down 25.30 percent to $12.49 apiece.

Photo by Tima Miroshnichenko on Pexels

The decline appeared to be a combination of profit-taking following last week’s run to the $17 territory, while trading with the lack of a catalyst to boost buying.

In other news, Kanzhun Ltd. recently announced changes to its board of directors with the resignation of Haiyang Yu as a non-executive director of the company effective October 23, due to his other business commitments.

Kanzhun Ltd. is one of the leading online recruitment platforms in China operating BOSS Zhipin. It connects onnects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process.

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