Why Li Auto Stock Is Rising


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Li Auto Inc (NASDAQ:LI) shares are trading higher by 3.4% to $34.95 Wednesday afternoon after the company announced October deliveries of 40,422, up 302.1% from last year.

What Else?

The 40,422 deliveries in October 2023 represents a remarkable 302.1% YoY increase. The cumulative Li Auto vehicle deliveries in 2023 reached 284,647 by the end of October.

Li Auto says the company has maintained its lead as the best-selling premium brand among SUVs in China, with their Li L series dominating their respective market segments.

Additionally, they are generating excitement for their upcoming Li MEGA 5C BEV model, targeting multi-generational households.

See Also: Why Sunrun (RUN) Stock Is Moving

According to data from Benzinga Pro, Li Auto has a 52-week high of $47.33 and a 52-week low of $15.37.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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