Yangtze River Port and Logistics Ltd (NASDAQ: YRIV) is having a strong day in the market today for the second consecutive trading session of incredible gains. However, like yesterday, the company hasn’t issued any news via press release or SEC filing.
Nonetheless, there’s a good reason that the stock is making its way for the top. Today, we’ll talk about:
- Why YRIV stock is making a run for the top;
- what we’re seeing from the stock; and
- what we’ll be watching for ahead.
Why YRIV Stock Is Climbing In The Market Today
As mentioned above, Yangtze River Port and Logistics is having yet another incredibly strong start to the trading session in the market today. However, with no news out, many are wondering why the stock is making such a large run for the top.
While YRIV didn’t release any news of its own, the gains are ultimately news driven. The reason for the gains has to do with the trade war between the United States and China.
For some time now, the United States and China have been going back and fourth with Tariffs and threats of more financial ammunition being unloaded. Ultimately, this has weighted heavy on the Chinese economy, the economy in which the company operates.
As a result, the trade war between the two nations, considered to be economic super powers, has led to some serious pain for various Chinese companies. Unfortunately, YRIV is one of these companies.
Nonetheless, recent reports suggest that leaders in the United States and in China are nearing an agreement. Should an agreement take place, we would likely see lifted tariffs on both sides. Ultimately, this would likely lead to improved economic conditions in China, and growth for Chinese companies like YRIV.
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. While Yangtze River Port and Logistics hasn’t released any news of its own, the prospect that the trade war may be coming to an end soon seems to be a source of excitement for investors.
So, it’s not surprising to see that excited investors are sending the stock on a run for the top. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:14), YRIV is trading at $1.68 per share after a gain of $0.54 per share or 48.23% 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 surrounding the topic directly reflects on the price of the stock. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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