Kaixin (NASDAQ:KXIN) Stock Price Up 12.4% – Here’s Why

Kaixin Holdings (NASDAQ:KXINGet Free Report) shares traded up 12.4% during mid-day trading on Friday . The company traded as high as $1.11 and last traded at $1.00. 444,529 shares changed hands during trading, a decline of 23% from the average session volume of 574,968 shares. The stock had previously closed at $0.89.

Kaixin Price Performance

The business has a 50 day moving average of $0.97 and a 200 day moving average of $1.67.

About Kaixin

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Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.

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