EV Stocks Rebounded in Morning Trading ,with Li,Xpeng and Faraday Future Rising Over 3%
Tiger Newspress2022-02-04
EV stocks rebounded in morning trading, with Li, Xpeng and Faraday Future rising over 3%.Cathie Wood-led Ark Investment Management on Thursday further raised its exposure in the U.S. listed Chinese electric vehicle maker Xpeng Inc
on the dip, and sold nearly all its balance shares in Paypal Holdings Inc.
The popular money managing firm bought 57,657 shares — estimated to be worth $1.99 million — in the Guangzhou, China-based Xpeng.
The money managing firm has been buying shares in Xpeng via the Ark Autonomous Technology & Robotics ETF.
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.