Stocks That Hit 52-Week Lows On Friday
During Friday's session, 198 companies made new 52-week lows.
50 Stocks Moving In Friday’s Mid-Day Session
Gainers
Marygold Companies (NYSE: MGLD) jumped 189.4% to $6.28 after dropping 21% on Thursday.
JD.com Pays Big Premium For Majority Control of Dada Nexus
Key Takeaways:
JD.com will take majority control of Dada Nexus for a big premium, completing a deal the two first announced a year ago
Deal may have been delayed by Beijing regulators, who are wary of the growing influence of China’s biggest technology companies
By Doug Young
Gogox Trucks Ahead with Hong Kong IPO Despite Growing Headwinds
Key takeaways:
Gogox has been approved to list in Hong Kong despite operating in the red for years and seeing no potential profits for at least the next two years
Company derives lion’s share of its revenue from mainland China, but may be losing ground to a new rival operated by DiDi Global
By Jony Ho
New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report
Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector
By Bamboo Works team
Full Truck Alliance Travels Bumpy Road Through Pandemic, Regulatory Wave
Key takeaways:
Full Truck Alliance said its fourth quarter fulfilled orders rose 41.6%, slowing from 78.4% growth in the previous quarter
Growth comes as other major companies report business contractions in China due to Covid-control disruptions
By Doug Young
