Why Haoxin Holdings (HXHX) Shares Are Down 10% After Hours

Haoxin Holdings Limited (NASDAQ: HXHX) shares declined by 9.98% to $0.36 in after-hours trading following the announcement of an $18 million purchase for 200 electric trucks as part of its new energy logistics expansion. The acquisition, made through subsidiary Yiwu Haitong International Logistics, is expected to enhance the company's temperature-controlled logistics operations in China. Over the past year, Haoxin Holdings' stock has decreased by 73.15%, with a market capitalization of approximately $5.89 million.