Why Li Auto Stock Accelerated 10.6% Today
LI AUTO(LI) The Motley Fool·2024-08-30 05:13
Several positive analyst notes trumpeted the buy case for the company.Wednesday's sputtering jalopy of an electric vehicle (EV) stock, Li Auto (LI 10.62%), was a race car tearing down the track on Thursday. The Chinese company's American depositary receipts (ADRs) rose 10.6% across the trading session not because of any fresh news from the company, but rather on the back of new bullish analyst takes. That share price increase was well higher than the 0.1% rise of the S&P 500 index.A quick bounce-backLi Auto ...