Streetbeat News

Kingsoft Cloud Holdings Limited

https://www.ksyun.com

Industry

Software - Application

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company offers public cloud services to customers in various verticals, including game, video, AI, e-commerce, education, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses. The company was incorporated in 2012 and is headquartered in Beijing, the People's Republic of China.

Open

4.03

Mkt cap

938M

Volume

2.1M

High

4.17

P/E Ratio

-3.90

52-wk high

5.80

Low

3.89

Div yield

N/A

52-wk low

2.02

Kingsoft Cloud Holdings shares are trading higher after CEO Zou Tao purchased 2 million shares for HK$2.625 per share.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 3:11 pm

U.S. stocks opened higher with the Nasdaq Composite gaining around 100 points. Consumer discretionary shares jumped by 1.3%, with Peloton Interactive and XPeng Inc. as top gainers. Vail Resorts reported weaker-than-expected Q3 results, while Braze, Kingsoft Cloud, and Medigus posted gains.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 1:53 pm

12 IT stocks experienced significant price movements in Friday's pre-market session, with 6 gainers and 6 losers. Notable gainers include Advanced Health, Movano, and Kingsoft Cloud, while American Software, Airspan Networks, and Rubicon Technologies were among the losers.

Portfolio Pulse from Benzinga Insights

June 09, 2023 | 1:06 pm

Kingsoft Cloud Holdings Limited (NASDAQ:KC) announced that Vice Chairman and CEO Mr. Zou Tao purchased 2,000,000 ordinary shares at a weighted average price of HK$2.625 on the open market. Mr. Zou and possibly the management team may further purchase shares in the future.

Portfolio Pulse from Charles Gross

June 09, 2023 | 12:55 pm

Sientra shares surged 83.9% in pre-market trading after announcing FDA-clearance of its next-generation AlloX2 Pro Tissue Expander. Other pre-market gainers include Advanced Health Intelligence, ContraFect Corporation, and Sonoma Pharmaceuticals, while Elevation Oncology, Baosheng Media Group, and Planet Labs were among the losers.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 11:22 am

Kingsoft Cloud Holdings Ltd (NASDAQ:KC) shares are trading higher by 19.96% to $5.35 following a positive private survey indicating growth in factory activity during May. The Caixin manufacturing PMI climbed to 50.9 from 49.5 in April, positioning the index above the critical 50 level. This has led to an upward trend in trading for Chinese companies.

Portfolio Pulse from Henry Khederian

June 01, 2023 | 7:13 pm

Victoria's Secret shares fell 11% due to a sharp decline in first-quarter EPS. Other stocks experienced significant gains and losses during Thursday's mid-day session, with Reunion Neuroscience, U Power, and Wearable Devices among the top gainers, while DZS, E-Home Household Service, and Aridis Pharmaceuticals were among the top losers.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 4:58 pm

Goldman Sachs upgraded Kingsoft Cloud (KC) stock from Sell to Neutral and announced a $4.5 price target, leading to higher trading.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:16 pm

12 IT stocks experienced significant price movements during Thursday's pre-market session, with 6 gainers and 6 losers. Notable gainers include Airspan Networks, AstroNova, and Actelis Networks, while notable losers include ClearOne, DZS, and C3.ai.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 1:11 pm

Goldman Sachs analyst Timothy Zhao upgraded Kingsoft Cloud Holdings (NASDAQ:KC) from Sell to Neutral and announced a $4.5 price target.

Portfolio Pulse from richadhand@benzinga.com

June 01, 2023 | 12:58 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.