RLX went public at $12 a share in January, and the stock is still trading below $5, showing that it's fallen substantially from its debut. The share buyback program alone isn't enough of a reason to buy the stock, and we should expect RLX to continue to be volatile as it faces a number of uncertainties, including Chinese vaping regulations, the broader crackdown on U.S-listed Chinese companies, and tensions between U.S. and China. $RLX Technology(RLX)$