What's Going On With Cheche Group Inc. (CCG) Stock?

Cheche Group Inc. CCG shares are trading lower Tuesday. The stock appears to be retreating after gaining nearly 2000% at its intraday high on Monday.
What To Know:

Cheche Group and Prime Impact Acquisition completed their business combination and commenced trading on the Nasdaq under the symbol CCG on Monday. The stock price soared to over $200.00 at one point and closed on up more than 500% for the day. 

Cheche Group Inc. is a China-based insurance technology company offering AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (EV) manufacturers and green auto insurance innovations. 

Shares of CCG have grabbed the attention of investors, and the ticker is currently one of the top trending on Yahoo! Finance and Stocktwits. 
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CCG Price Action: According to Benzinga Pro, CCG shares are down nearly 20% at $60.16 at the time of publication.

Image: Gerd Altmann from Pixabay