Kaixin Holdings shares are trading higher. The company announced that it received a Nasdaq delisting notice.
Portfolio Pulse from Benzinga Newsdesk
Kaixin Holdings shares are trading higher despite receiving a Nasdaq delisting notice.
August 22, 2024 | 8:14 pm
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POSITIVE IMPACT
Kaixin Holdings shares are experiencing an increase in trading activity despite the company receiving a delisting notice from Nasdaq.
The news of a delisting notice typically would negatively impact a stock, but the increase in share price suggests that investors might be optimistic about the company's future actions or potential resolutions to the delisting issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100