What's Going On With Cheetah Net Stock Thursday?

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) stock remained volatile on Thursday, continuing the sharp swings that followed the company’s acquisition announcement earlier this week.The micro-cap stock was recently trading at $0.0749, up 71.94%.JoyPak Deal Fuels Trading InterestOn Tuesday, Cheetah Net agreed to acquire JoyPak Supply for $788,000 in cash.As of June 30, 2026, the company had approximately $2.1 million in cash and cash equivalents and $74.1 million in working capital. JoyPak sells consumer, beauty, personal care and other everyday-use products. Cheetah Net expects the transaction to close within four weeks, subject to due diligence and other closing conditions.After closing, JoyPak will become a wholly owned subsidiary. The company said the acquisition will diversify its product mix and support its broader growth strategy.Cheetah Net operates logistics and warehousing businesses as well as international trading. The company expanded into international trading after acquiring Super International Trading Limited in May 2026.Trading Volume ExplodesTrading activity surged Thursday as investors piled into the low-priced stock.Session volume reached about 876.24 million shares, compared with a 100-day average of just 10.46 million, according to Benzinga Pro. That means volume was running at roughly 84 times its recent average.Cheetah Net opened Thursday’s session at $0.08. Its small market capitalization and low-float profile can amplify price swings when trading activity spikes.The surge in volume follows Tuesday’s JoyPak acquisition announcement, which has helped draw increased attention to the stock.CTNT Price ActionCTNT Stock Price Activity: Cheetah Net Supply Chain shares were up 71.94% at $0.0749 at the time of publication on Thursday, according to Benzinga Pro data.Photo via Shutterstock Read Also: Dow Tumbles Over 250 Points; NY Empire State Manufacturing Index Falls In September