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Here's Why Bitauto Holdings Stock Is Trading Higher Today

TheMotleyFool

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Here's Why Bitauto Holdings Stock Is Trading Higher Today

Shares of Bitauto Holdings (NYSE: BITA) are trading higher on Friday, and it's not just because the rest of the market is higher as well. Rather, the company reported results for the first quarter of 2020 and announced it has entered an agreement to go private.

As of 10:30 a.m. EDT, Bitauto stock was 9% higher. With today's gains, the stock now trades higher than where it started 2020. It was down over 30% earlier in the year.