On September 24, LENOVO GROUP fell 4.01% in regular trading, trading at 35.56 HKD/share, with turnover of 202 million HKD, as major shareholder and insider selling weighed on sentiment following the stock's recent surge to record highs.

On the institutional front, JPMorgan Chase reduced its long position in LENOVO GROUP by approximately 128 million shares on September 16 through over-the-counter equity derivative transactions, involving approximately 4.283 billion HKD at an average price of 33.34 HKD per share. JPMorgan's stake dropped from 9.86% to 8.82%. This followed an earlier OTC disposal of roughly 30.78 million shares on September 14. Meanwhile, Director Huang Weiming sold 1.5 million shares on each of September 17 and September 18 at average prices of 34.33 HKD and 36.77 HKD respectively, reducing his stake from 0.66% to 0.64%.

The selling activity comes after LENOVO GROUP had rallied sharply to all-time highs, with cumulative gains exceeding 310%, driven by CFO Zheng Xiaoming's public remarks that the company's valuation was severely underestimated relative to Dell, and a long-term net margin target of 5%-8%. Analysts at CICC and Morgan Stanley maintain bullish ratings with target prices of 51 HKD and 46 HKD respectively.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)