Why Weidai's Stock Is Trading Lower Today

Weidai WEI shares are trading lower on Friday on continued profit-taking after the stock rose roughly 160% on Tuesday.

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 15.45% to $1.97 on Friday at the time of publication. The stock has a 52-week high of $6.50 and a 52-week low of 73 cents.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny Stockswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!