EHang Holdings shares are trading lower on continued weakness after the company yesterday reported worse-than-expected Q2 revenue results. Weakness may be due to China Evergrande Group filing for Chapter 15 bankruptcy protection in New York.
Portfolio Pulse from Benzinga Newsdesk
EHang Holdings shares are trading lower following disappointing Q2 revenue results. The situation is further exacerbated by China Evergrande Group's filing for Chapter 15 bankruptcy protection in New York, which may be contributing to the weakness.
August 18, 2023 | 2:33 pm
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EHang Holdings' stock is under pressure due to poor Q2 revenue results and potential fallout from China Evergrande Group's bankruptcy filing.
EHang Holdings reported worse-than-expected Q2 revenue results, which is a direct negative impact on the company's stock. Additionally, the bankruptcy filing of China Evergrande Group, a major Chinese real estate company, is causing market instability and may be indirectly affecting EHang's stock.
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