Bull&Bear | Yisheng, Hertz Lead Gains; Forge Global and Kingsoft Cloud Decline
In the realm of rising stocks, Yisheng Technology (DXF) saw an impressive increase of 62.57%. The company announced a collaboration with a leading international technology firm to jointly develop innovative biotechnology products. This partnership is expected to enhance Yisheng Technology's market competitiveness and could potentially open new revenue streams. Analysts believe that this move will support the company's future growth and strengthen its position in the global market.
Hertz (HTZ) experienced a significant surge of 56.44% in its stock price due to an unexpected acquisition by an activist investor, leading to a 56% rise in its shares.
Zeo Energy (ZEO) continued its upward momentum with a 55.88% increase, marking a two-day rally totaling a 60.61% gain. The rise was primarily driven by Abbott's positive financial report, which bolstered market confidence in the energy sector.
Elong Power (ELPW) saw a 48.40% rise, marking a three-day increase of 218.63%. The company released its annual report/transitional report/registration statement, which might have positively impacted its stock price.
The Arena Group Holdings (AREN) climbed 38.50% over two days, with an overall two-day increase of 46.56%. The company reported fourth-quarter earnings of $0.14 per share, compared to a loss of $0.23 per share in the same period last year. Sales amounted to $36.23 million, down from $44.14 million the previous year.
In the declining stocks category, Forge Global (FRGE) dropped by 26.97%. The NYSE has suspended the addition of information for Forge Global Holdings' common stock listing.
Intercontinental (NCT) fell by 20.72% as its 6-K foreign issuer report revealed performance-related information that may have negatively influenced the company's stock price.
Kingsoft Cloud (KC) declined 16.82%, marking a three-day slide of 22.78%. The company announced the issuance of 18.5 million ADS, aiming to raise over $200 million, contributing to the stock's decline.
Y-mAbs Therapeutics (YMAB) saw a decrease of 15.14% in its stock price. The company's target price was adjusted from $22.00 to $12.00 by HC Wainwright & Co.
Yuchai International (CYD) fell by 15.34%, potentially set to record its largest percentage drop since June 2021. Overall market weakness and declines in industrial company stocks were prevalent during trading, influenced by Federal Reserve Chair Powell's speech at the Economic Club. Stocks across various sectors might also be affected by concerns over trade tensions.

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