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Why Uxin Jumped 25% Today

TheMotleyFool

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Online Chinese used car dealer Uxin (NASDAQ: UXIN) jumped 25%, bouncing off its all-time low in the previous session. The company, once valued at over $2.5 billion, is still trading at a market capitalization under $300 million after the jump.

Image source: Getty Images.

Shares of Uxin are down almost 60% since the start of 2020, and almost 90% since it's IPO in 2018. After hitting a low of $0.78 at Monday's close, the shares rebounded to close Tuesday at $0.98 per share.

Source Fool.com

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