Cheetah Net Supply Chain Service (CTNT) Stock Surges Nearly 18% After Hours: What's Going On?

Cheetah Net Supply Chain Service (CTNT) shares jumped 17.74% in after-hours trading after CEO Huan Liu purchased 200,000 shares at $2.00 per share through a private placement, signaling confidence in the company. Despite the insider buy, the stock has dropped 99.37% over the past 12 months and currently trades near its yearly low. The company recently acquired Super International Trading Limited and underwent a 1-for-200 reverse stock split in April.