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Why Is It Moving? Looking Into Why Li Auto Inc's Stock is Trading Higher Today

January 7, 2021 10:47 am
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Why Is It Moving? Looking Into Why Li Auto Inc's Stock is Trading Higher Today

The Price And Volume Action In Li Auto Inc's Stock Today

Li Auto Inc's (NASDAQ:LI) stock has been rising Thursday, up 7.68% to a price of $34.05. Thursday the stock has been traded at a volume of 8.54 million, about 31.87% of its recent 30-day volume average of 26.79 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Shares of several electric vehicle companies are trading higher as the confirmation of Joe Biden as US President and recent Democratic victories in Georgia alleviate some gridlock concerns and raise stimulus optimism. Better-than-expected jobless claims also helped lift market sentiment.

Insights On Recent Price Action

The 50-day moving average price of Li Auto Inc's stock was $30.64 when this article was published. The stock reached a high of $47.7 and a low of $14.31 in the past 52 weeks.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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