VinFast Auto Ltd. VFS shares are trading higher on Friday as the stock continues to surge following its recent Nasdaq debut.
The Details:
VinFast Auto shares have gained nearly 500% since the stock debuted last Tuesday and are up nearly 300% in the last week alone.
Billionaire Pham Nhat Vuong is Vietnam’s wealthiest man and the controlling shareholder of VinFast Auto. According to Forbes' data, he is now the fifth richest person in Asia after the value of VinFast Auto has skyrocketed.
VFS shares have been extremely volatile since the Nasdaq debut. More than xx shares have been traded in the session compared to the stock's average of 7.194 million shares, according to Benzinga Pro.
VinFast Auto has quickly become a favorite among retail investors, and the stock is currently listed as a top trending ticker on Stocktwits and Yahoo! Finance.
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VFS Price Action: According to Benzinga Pro, shares of VinFast Auto are up 22% at $60.09 at the time of publication.
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