Kaixin (NASDAQ:KXIN) Shares Up 3.6% – Time to Buy?

Kaixin Holdings (NASDAQ:KXINGet Free Report)’s stock price shot up 3.6% during mid-day trading on Friday . The company traded as high as $0.72 and last traded at $0.72. 51,514 shares changed hands during trading, a decline of 88% from the average session volume of 420,285 shares. The stock had previously closed at $0.69.

Kaixin Stock Performance

The stock has a 50 day simple moving average of $0.77 and a 200-day simple moving average of $0.89.

Kaixin Company Profile

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Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.

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