Sizzling Stock Update: Xinyuan Real Estate Co., Ltd. (NYSE: XIN)

On 10 Oct 2019, Xinyuan Real Estate Co., Ltd. (NYSE: XIN) stock dropped -0.25% and closed at 4.07. The stock opened the session at $4.12 and touched its highest price point at $4.13. Its recent trading capacity is 82,019 shares versus to its average trading volume of 82630 shares. The company’s stock’s lowest price point for the session stood at $4.06.

Xinyuan Real Estate Co., Ltd. (XIN), an NYSE-listed real estate developer and property manager primarily in China and in other countries, recently reported the listing of its property management service entity, Xinyuan Property Management Service (Cayman) Ltd. (“Xinyuan Service”), on the Hong Kong Stock Exchange (HKEX).

Mr. Yong Zhang, Xinyuan’s Chairman and CEO, stated, “The listing of Xinyuan Service on the HKEX, a leading international capital markets exchange, is a important milestone and marks a new chapter of growth for the company. Our decision to list Xinyuan Service as a separate entity on the HKEX is an extension of the planned realignment of our business, which we anticipate will contribute to strengthen our core real estate development capability. We believe this decision will bring meaningful benefits to our businesses, our consumers, and our shareholders.”

XIN is recorded at 0.10 and the relative strength index of the stock stands 48.85. The stock price is going above to its 52-week low with 13.06% and lagging behind from its 52-week high with -20.20%. Analyst recommendation for this stock stands at 2.00. A look on the firm performance, its monthly performance is -3.55% and a quarterly performance of -3.55%. The stock price is trading downbeat from its 200 days moving average with -8.20% and down from 50 days moving average with -1.68%.

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