UPDATE: Effective Immediately, the NYSE is suspending trading on ZX and commencing the delisting process.
China Zenix Auto International Ltd (NYSE: ZX) had a strong run at the end of the trading session yesterday, leading the stock to a more than 2% gain at the close. Today however, there’s no movement at all, and for good reason. The stock is currently in the midst of a T1 trading halt. Today, we’ll talk about the halt and what we’ll be watching for haead.
ZX Enters T1 Trading Halt
As mentioned above, China Zenix Auto International is in the midst of a T1 trading halt. This means that trading of the stock has been disabled pending news. At the end of the day, trading halts only take place when the news is big. Therefore, we can expect for a catalystic event to take place surrounding ZX today.
As mentioned above, China Zenix Auto enjoyed a strong run to the closing bell yesterday. As a result, the stock closed over 2% in the green. By the closing bell, it was trading at $1.38 per share after a gain of $0.03 per share or 2.22% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on ZX. In particular, we’ll be following the halt to see exactly what news is pending. As mentioned above, it’s likely to be catalystic. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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