Futu Holdings Stock News

In recent pre-market trading, several prominent Chinese stocks have experienced significant declines. Bilibili (BILI, Financial) saw its shares fall by more than 15%, indicating a possible shift in investor sentiment or market conditions affecting the company.

Chinese stocks experienced significant gains. Notably, Trip.com Group (CTRP, Financial) saw its shares increase by 8%.

The rocket fuel provided by the Chinese government's stimulus was only one factor in the company's pop.

Major Chinese stocks listed in the U.S. showed mixed results in recent trading, with the Nasdaq Golden Dragon China Index (HXC) closing down 2.37%. Notable gainers included Taiwan Semiconductor Manufacturing Company (TSM), which rose 2.09%, and Futu Holdings (FUTU, Financial), which saw an impressive increase of 8.81%.

Futu Holdings (NASDAQ: FUTU) stock price has gone parabolic, rising for three straight weeks, reaching a high of $102.97, its highest point since September 2021. It has soared by over 75% this year, making it one of the best-performing companies in Wall Street.

The Chinese economy has struggled this year. Investors are split on where things go from here.

HONG KONG, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company's long-term issuer credit rating at “BBB-”. Futu's securities firm in Hong Kong has a stand-...

Futu Holdings Limited (NASDAQ:FUTU ) Q2 2024 Results Conference Call August 20, 2024 7:30 AM ET Company Participants Daniel Yuan - Investor Relations Leaf Li - Chairman and Chief Executive Officer Arthur Chen - Chief Financial Officer Robin Xu - Senior Vice President Conference Call Participants Cindy Wang - China Renaissance Chiyao Huang - MS You Fan - CICC Zoey Zong - Jefferies Emma Xu - Bank...