Published on 10 May 2022 on Zacks via Yahoo Finance
XPeng Inc. Sponsored ADR (XPEV) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $20.27, marking a +1.15% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.25%. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.35%.
Coming into today, shares of the company had lost 24.66% in the past month. In that same time, the Auto-Tires-Trucks sector lost 16.95%, while the S&P 500 lost 11.03%.
Wall Street will be looking for positivity from XPeng Inc. Sponsored ADR as it approaches its next earnings report date. This is expected to be May 23, 2022.