Why Shares of KE Holdings Rose Today
Shares of KE Holdings (NYSE: BEKE), the largest real estate platform in China, rose 13.4% today for no obvious reason.
KE Holdings is a stock that has not done well as of late, down more than 68% over the last six months. As a Chinese stock in the real estate industry that is also traded on the New York Stock Exchange, KE Holdings has been very volatile since its initial public offering in August 2020.
Last month, the company reported diluted earnings per American depositary share equivalent to $0.14, down 56% from the same quarter of last year and missing expectations set by analysts. Total revenue equivalent to approximately $3.7 billion increased 20% from the second quarter of 2020 and beat analysts' expectations.
Source Fool.com
