Autohome Jumps On Bull Mood For Chinese Auto Industry

By | August 4, 2014

Scalper1 News

Chinese car buyers’ website Autohome (ATHM) surged 10.3% in twice average volume Monday, hitting a four-month high and closing at 41.64. There was no particular news on the company, but it may have had to do with bullish comments on the state of China’s car sales by a government researcher Monday, citing the Internet specifically as a growth driver. Similar company BitAuto (BITA) also was up in strong volume Monday. BitAuto stock rose 5.4% and Scalper1 News

Scalper1 News