Why kxin was trading high today

Kaixin Holdings (NASDAQ:KXIN) experienced a significant pre-market increase of 72.26%, followed by a substantial surge of 43.15% during the regular trading session on November 13, 2024, as indicated by the stock's price and percentage change data. This substantial rise can be attributed to **Regaining Nasdaq Compliance**.

Kaixin had previously received a notification from Nasdaq regarding its failure to meet the minimum bid price requirement. However, the company has since regained compliance with Nasdaq's minimum bid price requirement, as confirmed by a notification from the Nasdaq Hearing Panel on November 12, 2024. This regulatory approval likely instilled confidence in investors, leading to a significant surge in the stock's value.