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Why is Futu Holdings Ltd Adr (FUTU) Stock down?

We've noticed a 5.62% decline in Futu Holdings Ltd Adr (FUTU) stock during the 2024-12-16 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
11 Aug, 2023:

Futu Holdings Limited (FUTU) stocks dropped by 8.39% despite the announcement that S&P Global Ratings maintained a stable outlook on the Company's long-term rating and reaffirmed its issuer credit rating of "BBB-."

https://www.globenewswire.com/news-release/2023/08/11/2723395/0/en/Futu-Announces-Investment-Grade-Rating-Reaffirmed-by-S-P-Global-Ratings.html

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