Advertisement
New Zealand markets close in 2 hours 10 minutes
  • NZX 50

    11,754.20
    -81.84 (-0.69%)
     
  • NZD/USD

    0.5859
    -0.0047 (-0.79%)
     
  • NZD/EUR

    0.5513
    -0.0032 (-0.57%)
     
  • ALL ORDS

    7,772.80
    -126.10 (-1.60%)
     
  • ASX 200

    7,523.10
    -119.00 (-1.56%)
     
  • OIL

    86.00
    +3.27 (+3.95%)
     
  • GOLD

    2,416.30
    +18.30 (+0.76%)
     
  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     
  • FTSE

    7,877.05
    +29.06 (+0.37%)
     
  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     
  • DAX

    17,837.40
    +67.38 (+0.38%)
     
  • Hang Seng

    16,128.92
    -256.95 (-1.57%)
     
  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     
  • NZD/JPY

    89.9700
    -1.2840 (-1.41%)
     

Why Kingsoft Cloud Holdings Stock Leaped 20% Higher Today

Why Kingsoft Cloud Holdings Stock Leaped 20% Higher Today

Changes in analyst sentiment toward companies don't always move their stock prices. The Chinese tech stock was the target of a recommendation upgrade from an ever-influential investment bank; as a result, the price of its American Depositary Receipts (ADRs) shot almost 20% higher on the day. The upgrading party was storied white-shoe investment bank Goldman Sachs.