Qifu Technology, Inc. (QFIN) Surges 7.5%: Is This an Indication of Further Gains?
QFIN(QFIN) ZACKS·2024-10-03 21:40
Qifu Technology, Inc. (QFIN) shares rallied 7.5% in the last trading session to close at $33.16. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.6% gain over the past four weeks.The stock is benefiting from significant improvements in the company’s asset quality and profitability. Business model upgradation, improvement in user engagement via differentiated strategies, and strengthened synergies between te ...