Market Overview

Why Weidai's Stock Is Trading Lower Today

Share:

Weidai (NYSE: WEI) shares are trading lower on Wednesday potentially on profit-taking after the stock rose roughly 160% yesterday.

Weidai is engaged in the online finance marketplace business in the People's Republic of China. The company's platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners.

Weidai shares traded down 48.34% to $2.65 on Wednesday at the time of publication. The stock has a 52-week high of $6.50 and a 52-week low of 73 cents.

 

Related Articles (WEI)

View Comments and Join the Discussion!

Posted-In: why it's movingNews Penny Stocks

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com