Why is XPeng (NYSE: XPEV) the Stock of the Day?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

XPeng (aka XMotors.ai) is an electric car manufacturer headquartered in Guangzhou, China. The firm also keeps offices in Mountain View, California and trades on the New York Stock Exchange. The company itself has said it is catching up to electric car giant Tesla. With an office in the U.S., the firm can affect both the North American and Chinese automotive markets.

XPeng (XPEV) 39.48 (-0.52) -1.30% Change

Over the previous year, the stock has spiked as high as $75 and dipped below $25 on news of Chinese regulations which could lead to market saturation. However, the company has recently been trending higher as electric carmakers across the globe and related businesses are gaining popularity due to concerns over climate change.

Why is XPEV Moving?

XPEV recently reported that it is gaining market share on Tesla, causing concern amongst investors that Tesla may not have a stranglehold on the industry and that investors might be missing out on Chinese carmakers like XPEV and LI. Moreover, carmakers like GM are further entering the EV market. As they say, a rising tide lifts all ships.

Where to Buy XPeng Stock

When you want to buy XPEV stock—or other Chinese carmakers—you can set up a brokerage account with one of the firms named below.

 

Broker

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Webull

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Stay Ahead of the Game on XPEV

Staying ahead of the game on XPeng stock, Chinese carmakers and indeed other firms in the EV market is critical for your success. Using Benzinga Pro ensures you the accurate and up-to-date information you need at a moment’s glance. 

Data for XPeng as of July 9, 2021

 

Summary of [Company Name] as of [Date]:

  • Price Change: $40.000 to $39.48
  • 52 Week Low: $17.1101
  • 52 Week High: $74.49
  • Market Cap: $31.717B
  • P/E Ratio: -
  • Dividend Yield: -

 

Significant Dates for [Company Name]:

  • Next Earnings Date: August 8, 2021
  • Last Earnings Date: -
  • Ex-Dividend Date: -
  • Dividend Payment Date: -

 

Technical Data of XPeng as of July 9, 2021:

  • RSI: 53.2886 ⮕ Neutral
  • MACD: Signal Line (1.1076) MACD (-1.1076) ⮕ Neutral
  • Bollinger Bands: Price ($39.48), 20-Day SMA ($37.3067), Lower Band ($23.6372), Upper Band ($45.8528) ⮕ Neutral

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
 

Posted In: Markets
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