What’s Going On With XPeng (XPEV) Stock? – XPeng (NYSE:XPEV)

XPeng Inc – ADR XPEV shares are trading lower by 6.5% to $14.32 during Wednesday’s session, pulling back following Tuesday’s strength. Chinese stocks gained Tuesday as Beijing revealed plans to boost its economy, which was struggling due to problems like a slumping real estate market and deflationary pressures.

President Xi Jinping introduced measures to achieve a 5% growth target and revitalize the economy.

See Also: What’s Going On With Amazon Stock?

XPeng on Tuesday announced the company will reveal their third-quarter unaudited financial results on Wednesday, November 15, before the open of U.S. markets.

See Also: China’s XPeng Takes On Tesla’s Optimus With Bipedal Robot

According to data from Benzinga Pro, XPEV has a 52-week high of $23.62 and a 52-week low of $6.18.

Posted In: Newswhy it’s moving

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