AGK Finance
  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
No Result
View All Result
  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
No Result
View All Result
AGK Finance
No Result
View All Result
Home Stock

Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher

admin by admin
November 5, 2022
in Stock
0
Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher
  • Share
  • Tweet
  • Pin
0shares

Last Updated on November 5, 2022 by admin

Kaixin Auto stunned investors last week when it announced that it would begin selling electric vehicles in Europe and the United States. The news sent the company’s stock soaring by more than 400% in just two trading days. However, the euphoria was short-lived, as shares came crashing back down to earth on Tuesday after analysts raised doubts about Kaixin Auto’s ability to execute on its plans.

Kaixin Auto has been one of the hottest stocks on the Hong Kong exchange this year, rising nearly 1,400% since January on the back of strong demand for electric vehicles in China. However, many analysts believe that the company is overvalued and that its recent rally is not sustainable. So far this year, Kaixin Auto has only sold about 2,000 vehicles, which is a drop in the bucket compared to established automakers like Tesla and Volkswagen. In order for Kaixin Auto to achieve its goal of becoming a major international player, it will need to increase its production capacity dramatically and make significant inroads into key markets like Europe and the United States. Whether or not it can do so remains to be seen.

admin

admin

Related Posts

Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher
Stock

Encompass Health declares dividend on common stock | News

November 4, 2022
Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher
Stock

AMC Entertainment to Sell Stock Amid Bankruptcy Warning

November 5, 2022
Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher
Stock

Amazon Stock at $3,200: Buy, Sell, or Hold?

November 4, 2022
Next Post
Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher

Encompass Health declares dividend on common stock | News

Premier Financial: 3Q Earnings Snapshot

Premier Financial: 3Q Earnings Snapshot

Premier Financial: 3Q Earnings Snapshot

David Dodge joins Rocky Mountain Communities as director of financial planning and analysis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock

Topics

Act Announce Announces Bank billion Business buy chief City Council County COVID19 Earnings Finance Financial fund Group health invest Investment Local Market Michigan million Monday money News October pandemic Quarter raise Reports Results save Smart state stimulus Stock stocks support time today Trump Ways West

Subscribe

Subscribe
Bard
Thompson
[email protected]
No Result
View All Result

Highlights

Europcar Reschedules Q3 Financial Call – Rental Operations

Idaho OKs contract to distribute low-income education money | Local

David Dodge joins Rocky Mountain Communities as director of financial planning and analysis

Premier Financial: 3Q Earnings Snapshot

Encompass Health declares dividend on common stock | News

Kaixin Auto stock plunges after a ‘surprise’ rocket ride higher

Trending

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News
Finance

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News

by admin
November 5, 2022
0

St. Lucie, Florida is a city on the Treasure Coast with a population of just over 100,000...

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

November 5, 2022
The 6-Step Guide to Raising Equity Finance – Bytestart

The 6-Step Guide to Raising Equity Finance – Bytestart

November 5, 2022
Europcar Reschedules Q3 Financial Call – Rental Operations

Europcar Reschedules Q3 Financial Call – Rental Operations

November 5, 2022
Following the money in Texas’ heated U.S. Senate race

Idaho OKs contract to distribute low-income education money | Local

November 4, 2022
Finance

Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News

November 5, 2022
Invest

CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia

November 5, 2022

Recent News

  • CEFC annual report glowing with ‘prudent investment’ – pv magazine Australia
  • Florida Has 11 Municipalities In A State Of Financial Emergency. Here Is One’s Story – WUFT News
  • The 6-Step Guide to Raising Equity Finance – Bytestart

Category

  • Business
  • Finance
  • Financial Tips
  • Invest
  • Money
  • Stock
  • Contact Us
  • REPORT SPAM
  • TERMS & CONDITIONS
  • SITE SECURITY
  • PRIVACY POLICY
  • ABOUT US
  • ANTI-SPAM POLICY

© 2020 agkfinance

No Result
View All Result

© 2020 agkfinance

0shares