Shares of Kuaishou Technology (OTCMKTS:KUASF – Get Free Report) traded up 6% on Wednesday . The stock traded as high as $5.5140 and last traded at $5.5140. 6,632 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 2,585 shares. The stock had previously closed at $5.2036.
Wall Street Analysts Forecast Growth
Separately, Barclays set a $5.00 price target on Kuaishou Technology in a report on Thursday, May 28th.
Read Our Latest Analysis on KUASF
Kuaishou Technology Stock Up 6.0%
Kuaishou Technology Company Profile
Kuaishou Technology is a leading social media and technology company best known for its short-form video and live-streaming platforms. Founded in 2011 and headquartered in Beijing, the company operates a suite of mobile applications that enable users to create, share and interact through user-generated video content. Over the years, Kuaishou has expanded its offerings to include live commerce features, allowing content creators to sell products directly during live broadcasts and fostering a vibrant ecosystem of merchants, influencers and viewers.
The company’s flagship app serves hundreds of millions of daily active users primarily in Mainland China, where it competes with other major short-video platforms.
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