Yangtze River Port (YRIV) Stock: Here’s What’s Happening

0
Yangtze River Port and Logistics Ltd YRIV Stock News

Yangtze River Port and Logistics Ltd (NASDAQ: YRIV) is having an incredibly strong start to the trading session this morning. However, if you’re digging for press releases, you’re not going to find anything. Nonetheless, we’ve found the reason for the gains. Today, we’ll talk about:

  • Why YRIV stock is headed up;
  • what we’re seeing from the stock; and
  • what we’ll be watching for ahead.

Here’s Why YRIV Stock Is Climbing

As mentioned above, Yangtze River Port and Logistics is having a great start to the trading session. However, with no press releases issued, many are wondering just what’s going on.

The gains seem to be the result of an SEC filing that took place after hours yesterday. In the filing, the company’s CEO, Liu XiangYao disclosed that he purchased shares of YRIV.

The shares were purchased via Ricofeliz Investment Ltd. According to the filing, Liu purchased 2,825 shares at an average price of $1.05 per share on Thursday. Also, yesterday, he purchased another 280,000 shares at an average price of $1.081. All in all, the shares purchased represent a holding of $251,700.

When added to his existing holding, Liu now owns 622,260 shares of YRIV with Ricofeliz and another 91.2 million shares held indirectly by Jasper Lake Holdings.

Moreover, aside from the CEO buying shares, the stock is also likely benefiting from trade war news. In fact, it was recently announced that US Trade Representative, Robert Lighthizer and US Treasury Secretary, Steven Mnuchin will travel to Beijing for continued negotations that will start April 30.

Of course, as we get closer to a potential end of the trade war, investors are excited that the Chinese economy will improve, leading to further gains in the stock.

What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to YRIV, the news proved to be overwhelmingly positive.

After all, when a CEO of a company purchases shares, the action shows investors that the CEO is aligning interests with them. Moreover, as the Trade War negotiations continue, many are hoping for a positive outcome that will lead to potential growth in the Chinese economy, and therefore, Chinese equities.

So, with the news, it’s not surprising to see that excited investors are pushing the stock for the top. As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:20), YRIV is trading at $1.10 per share after a gain of $0.21 per share or 23.64% thus far today.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on YRIV. In particular, we’re interested in following the story surrounding the company’s continued work to expand value for investors, insider moves, as well as the Trade War, which could play a key role in growth. Nonetheless, we’ll keep our eyes peeled and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!

* indicates required


LEAVE A REPLY

Please enter your comment!
Please enter your name here