Nov. 20 at 10:16 PM
$JYD According to the complaint, during the Class Period, Jayud’s stock experienced a dramatic, allegedly artificial run-up from around
$1.00 per share to an all-time high near
$8.00, despite no fundamental business news. The complaint alleges that this surge was driven by a fraudulent “pump-and-dump” scheme by insiders or affiliates allegedly coordinating share dumping via offshore or nominee accounts. The surge proved short-lived, and on April 2, 2025, Jayud’s stock abruptly collapsed by approximately 95%, causing significant losses for investors.
Thank god they are going for these scammers now.
