Yangtze River Port (YRIV) Stock: Here’s Why Investor Are Excited

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Yangtze River Port and Logistics Ltd YRIV Stock News

Yangtze River Port and Logistics Ltd (NASDAQ: YRIV) has been an interesting stock to watch as of late. Yet again, the stock is climbing today on no news. Nonetheless, there is a good reason for the run. Today, we’ll talk about:

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

Why YRIV Is Headed Up

As mentioned above, Yangtze River Port and Logistics is having a great start to the trading session today. However, with no news, many are wondering why the stock is climbing.

I recently published a detailed report, explaining why investors have been so excited about YRIV. That report can be read here. Nonetheless, there are two factors that seem to be driving the stock up.

First and foremost, Hindenburg Research recently wrote a report on the stock causing dramatic declines int he value. In the report, the researchers said that they were of the strong opinion that the company was a scheme run by its Chairman and controlling shareholder to siphon money from the United States.

YRIV quickly followed the report with a rebuttle, but the damage was done. The stock had fallen dramatically and was now sitting at incredible lows.

Nonetheless, adamant that Hindenburg Research fasly misled the investing community, the company opened a legal battle against the researchers. Ultimately, the company is looking to prove that it hasn’t done anything wrong, and more and more investors seem to be jumping on its side.

Moreover, YRIV has also been a beneficiary to recent and positive trade war news. At the end of the day, the company is a Chinese corporation that is dependent on the Chinese economy. The most recent report suggested that the United States and China have reached a key milestone. This milestone was the agreement on both sides to monitor and enforce trade pledges.

Ultimately, this brings the trade war one step closer to an end. When the trade war does end, we’re expecting to see a strong boost in the Chinese economy, helping the company and its peers.

What We’re Seeing From the Stock 

At the end of the day, investor excitement tends to lead to gains. That’s exactly what we’re seeing from Yangtze River Port and Logistics today.

As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:12), YRIV is trading at $1.57 per share after a gain of $0.12 per share or 8.28% 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 YRIV. In particular, we’re interested in following the story surrounding the company’s continued work to fight allegations made by Hindenburg Research and provide growing value to shareholders. Nonetheless, we’ll keep a close eye on the story and bring the news to you as it breaks!

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