Recon Technology (RCON) announced Monday morning that one of its variable interest entities, Beijing BHD Petroleum Technology Co. Ltd., introduced the Baker Hughes Frac-Point System to China Petroleum and Chemical Corporation's Zhongyuan oilfield.
Recon Technology climbed around mid-morning Monday and extended its gains during the middle portion of the afternoon. Shares finished up by 1.41 at $2.25 on the highest volume of the year. The stock broke out to over a 7-month high and re-crossed its 200-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.