首创证券高管变动，股价震荡走弱

Group 1 - The core viewpoint of the news is that recent executive changes at Shouchao Securities have led to fluctuations in the company's stock price [1][2]. Group 2 - In recent events, Shouchao Securities held its 21st board meeting on February 13, 2026, to review proposals for organizational adjustments, including the appointment of He Feng as Executive Vice President and Cheng Jialin as Vice President, with terms lasting until the current board's term ends [2]. Group 3 - From February 9 to 13, 2026, Shouchao Securities' stock price showed volatility, closing at 17.89 yuan on February 13, with a daily increase of 0.34% but a cumulative decline of 0.67% over the past five days. The highest price during this period was 18.16 yuan (February 9), and the lowest was 17.83 yuan (February 12), resulting in a price range fluctuation of 1.83% [3]. - On February 13, the trading volume was approximately 162 million yuan, with a turnover rate of 0.33%, indicating low short-term capital participation, as the net outflow of main funds was 1.9 million yuan [3]. - Technically, the stock price is near the lower band of the 20-day Bollinger Bands (support at 17.44 yuan, resistance at 19.09 yuan), with the MACD indicator showing slight stabilization, although the overall trend remains weak. The brokerage sector declined by 1.21% during the same period, potentially dragging down individual stocks [3].