Shares of EHang Holdings (EH) rose 67.88%, TDH Holdings (PETZ) grew 55.91% while QS was up 31.36% among other stocks making the headlines. We have highlighted below some of the reasons for the price movements.
EHang Holdings Limited (EH)
EHang Holdings shares traded 67.88% high on a rebound after the stock dipped following a short report. The company today issued a press release in which the founder discussed the company’s mission and the short-seller report. It opened trading at $49.83 to close at $77.73.
TDH Holdings Inc. (PETZ)
PETZ shares rose 55.91% on abnormally high volume potentially stemming from increased interest from retail investors. The stock had previously closed at $3.13, began Wednesday’s trading at $8.81 to close the session at $4.88 per share price.
QuantumSCape Corp. (QS)
QS shares traded on the upside as high as 31.36% after the company said it made a multi-layer solid-state battery cell and reported Q4 earnings results. The stock opened at $57.30 to close at $66.52 per share.
Riot Blockchain Inc (RIOT)
Share of RIOT traded 30.92% high after Bitcoin surpassed $51,000, which has lifted crypto and blockchain-related stocks. The stock started trading at $67.80 to close the session at $77.90 per share.