Cathie Wood Just Sold Xpeng (XPEV) Stock

Tuesday, 28 March 2023, 22:15:18
Excluding Tesla (NASDAQ: TSLA ), it has been a tough year for electric vehicle (EV) stocks — or EV stocks . Xpeng (NASDAQ: XPEV ) is among the names that have been struggling. However, with Tuesday’s rally, XPEV stock is actually now up on the year. Xpeng stock is now up about 2% so far in 2023. Just a few days ago, shares were down more than 20%. However, the stock went on a five-day winning streak, erasing a bulk of its year-to-date gains. While bulls now have some hope, it looks like Ark Invest’s Cathie Wood is taking advantage of the recent pop. Wood used the opportunity to sell more than 128,000 shares of XPEV stock on March 27. She also reportedly sold shares of Niu Technologies (NASDAQ: NIU ). Going back through the archives, Ark unloaded a large portion of its holdings in Xpeng back in January. The most recent rally was used to lighten up even more. XPEV Stock, Other EV Names Continue to Struggle The recent rally in XPEV stock may have gotten it back to flat on the year, but it’s struggled badly.
— InvestorPlace

Cathie Wood Offloads 2 Chinese EV Stocks — Hikes Stake In This Crypto Exchange Platform

Tuesday, 28 March 2023, 04:22:10
Cathie Wood -led ARK Investment Management seems to have scaled back on its bullish stance on Chinese EV-makers as its funds continue to offload stakes in select companies. What Happened: ARK funds sold shares in Beijing-based electric scooter-maker Niu Technologies (NASDAQ: NIU ) and Guangzhou-based electric vehicle manufacturer Xpeng Inc (NYSE: XPEV ) on Monday. The ARK Autonomous Tech. & Robotics ETF (NYSE: ARKQ ) sold over 128,000 shares of Xpeng at an estimated valuation of over $1.24 million based on Monday”s closing price. See Also: Best Penny Stocks It is noteworthy that the sale comes … Full story available on Benzinga.com
— Benzinga

Niu Technologies (NIU) Q4 2022 Earnings Call Transcript

Monday, 20 March 2023, 19:43:32
Niu Technologies (NASDAQ: NIU) Q4 2022 earnings call dated Mar. 20, 2023 Presentation: Operator Good day, and thank you for standing by. Welcome to the Niu Technologies Fourth Quarter 2022 […] The post Niu Technologies (NIU) Q4 2022 Earnings Call Transcript first appeared on AlphaStreet .
— AlphaStreet

NIU Drops on Sagging Scooter Sales

Monday, 20 March 2023, 13:06:48
Shares of electric scooter maker Niu Technologies (NASDAQ:NIU) are tanking in the pre-market session today after the company announced fourth-quart…
— TipRanks

Why Niu Technologies Shares Are Falling Today

Monday, 20 March 2023, 12:32:33
Niu Technologies (NASDAQ: NIU ) Q4 sales declined to RMB612.27 million ($88.77 million) from RMB986.05 million due to decreased sales volume of 41.9% and increased revenues per e-scooter of 7.0%. Revenues per e-scooter sales from international markets declined 25.4% despite a 13.7% increase from the China market. E-scooter sales revenues from China market were RMB446.7 million, a decrease of 34.6%, and … Full story available on Benzinga.com
— Benzinga