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Why is Zto Express Cayman Inc Adr (ZTO) Stock down?

We've noticed a 5.47% decline in Zto Express Cayman Inc Adr (ZTO) stock during the 2024-07-23 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!
30 May, 2023:

ZTO's stock fell 6.77% after they entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $25.59 per share.

https://www.nasdaq.com/articles/zto-express-is-now-oversold

$180.96
price up icon 0.19%
$119.06
price up icon 0.05%
$101.82
price down icon 1.18%
integrated_freight_logistics GXO
$58.58
price down icon 2.06%
$177.20
price up icon 0.81%
Cap:     |  Volume (24h):