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As The Fly reports, on Tuesday last week Citi analyst Jeff Chung raised his price target on Li stock from $21.60 per share to $25.50 -- an 18% bump -- citing a "strong EV sector sales tailwind."
Shares of Li Auto stock reacted poorly to the news, falling 3.6% through 10 a.m. ET. That makes six straight days of declines for Li stock. Li's latest bad news.
Li Auto (NASDAQ: LI), a leading manufacturer of plug-in hybrid electric vehicles (PHEVs) in China, went public at $11.50 per American depositary share (ADS) on July 30, 2020. Its stock more than ...
In 2010, Li was named Chief Executive of the Hong Kong Exchanges and Clearing Limited (HKEX). During his tenure, a mechanism called Stock Connect was created in 2014 for mainland Chinese investors to trade shares listed in the Hong Kong stock market and international investors to trade shares listed in the stock markets of Shanghai and Shenzhen ...
He was hence called the "Godfather of the Stock Market." [2] In 1986, Li helped merge the Far East Stock Exchange with three other exchanges into the Stock Exchange of Hong Kong, precursor of today's Hong Kong Exchanges and Clearing, and became its first chairman. During the Black Monday market crash, he closed the stock market for four days. [5]
The Food and Environmental Hygiene Department (FEHD) is a department of the Hong Kong Government, reporting to the Environment and Ecology Bureau. It is responsible for food hygiene and environmental hygiene.
The stock rallied from its initial public offering price of $11.50 per ADS (American depositary share) to a record high of $46.65 in 2023. But today, Li's stock trades about 50% below that peak ...
It’s been tough lately for Chinese electric vehicle stocks, including for Li Auto (NASDAQ:LI) stock. Besides the fact that overall market sentiment has turned negative in recent months ...