Yangtze River Port and Logistics Ltd (NASDAQ: YRIV) is making a run for the top in the market this morning. However, if you’re digging for press releases or SEC filings, you’re not going to find anything. Nonetheless, there is a good reason for the gains. Today, we’ll talk about:
- Why YRIV stock is headed for the top;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
Here’s Why YRIV Stock Is Flying
As mentioned above, Yangtze River Port and Logistics is having a great day in the market today. However, with no press releases or SEC filings issued, the gains seem to be coming out of left field. So, what’s the deal?
At the end of the day YRIV is Chinese company that is heavily dependent on the Chinese economy. Considering this, at the moment, a big driver in movement in the stock is going to be the movement in the trade war between the United States and China.
This is where good news was released recently. In recent reports, we’ve seen mention that the trade war between the United States and China may come to an end relatively soon. According to various reports, the negotiations have led to a point where leaders on both side feel as though they are on the verge of coming to an agreement.
This is great news for YRIV. After all, the Trade War has been considered to be the single largest threat to the Chinese economy. Should the Trade War go on any longer than it has to, the Chinese economy could feel pain, relating to the company. However, as the issue comes to an end, the Chinese economy may get a boost, giving YRIV investors something to smile about.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. While Yangzte River Port and Logistics didn’t release any news of its own, macroeconomic news seems to be the catalyst for today’s run.
After all, should all go well with the Trade War negotiations, the Chinese economy could see a boost, leading to strong gains for the company and others like it. So, it’s not surprising to see that excited investors are pushing the stock up in the market this morning.
As is just about always the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:18), YRIV is trading at $0.89 per share after a gain of $0.16 per share or 22.22% 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 YRIV. In particular, we’re interested in following the story surrounding the Trade War as news in this area directly relates to movement in the stock. Nonetheless, we’ll keep a close eye on the story and bring the news to you as it breaks!
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