XPeng Inc. (XPEV.US) Extends Rally with Over 4% Gain, Surges 20% in Two Sessions to Hit Yearly High
Stock News
Yesterday
On Tuesday, XPeng Inc. (XPEV.US) continued its upward momentum, rising over 4% and marking a cumulative 20% gain across two trading sessions to reach a new yearly high. The company's Hong Kong-listed shares (XPENG-W) also saw significant gains, closing up 17.93% with trading volume surging to over HK$9 billion, hitting their highest level since July 2022.
The rally follows heightened investor and user interest in XPeng's latest humanoid robot, IRON, praised for its hyper-realistic design. Notably, Elon Musk endorsed a video showcasing the robot. Additionally, major financial institutions, including Morgan Stanley, Deutsche Bank, Citigroup, CICC, and CITIC Securities, have issued bullish reports recommending XPeng.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.