Why China Evergrande Stock Soared 19% This Week
Investors in Chinese real estate giant China Evergrande Group (OTC: EGRN.F) and in its unsponsored American depositary receipts China Evergrande Group (OTC: EGRN.Y) have had an exciting week.
First, shares rose 37.5% through Wednesday's close. Then they retreated 13.1% Thursday. Since close of trading last week, that works out to a net 18.8% gain for Evergrande stock.
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Source Fool.com
