Kaixin Holdings (NASDAQ:KXIN – Get Free Report) shares rose 40% during mid-day trading on Monday . The stock traded as high as $1.03 and last traded at $0.91. Approximately 5,973,247 shares changed hands during trading, an increase of 1,984% from the average daily volume of 286,653 shares. The stock had previously closed at $0.65.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kaixin presently has a consensus rating of “Sell”.
Read Our Latest Report on Kaixin
Kaixin Stock Performance
About Kaixin
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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