In Thursday's Blitz Daily with Lance Ippolito, we take a look at Chinese real estate stock KE Holdings after a substantial pullback worked the bulls into a frenzy.
After all the selling we’ve seen so far in 2022, it’s been a surprising, bouncy week for the stock market.
It seems like every category of stocks on the exchange have had their moments in the sun… But few corners of the market have been as explosive as Chinese ADR stocks.
Earlier this week, Beijing announced it would stabilize its struggling stock market and real estate sector in addition to working with American regulators in support of keeping shares of Chinese companies listed in the U.S.
Wednesday’s news helped send beaten-down KE Holdings into orbit for a 64% gain!
But we all know things never go up in a straight line. Thursday saw BEKE shares fell as much 22% from Wednesday’s closing price, and bullish options traders jumped on the pullback!
Of course, this wasn’t the only outsized trade hitting the tracker today…
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