Are US investors buying the wrong stocks? The majority of houses fell by more than 41%, once again hitting a meltdown

Fangduoduo released pre-market earnings for the first quarter of 2020. Financial reports show that revenue for the first quarter was 272 million yuan, down 58.5% year on year, and the number of active merchants in the first quarter increased 43% year on year, a record high.

The stock price of Nichifangduoduo soared more than 1,200% in the previous trading day. It was fused 14 times, and finally closed up 395%.

On November 1 of last year, Fangduoduo was officially listed on the NASDAQ. The listing price is 13 US dollars. Now that half a year has passed, the stock price has risen to 47 US dollars. What caused the overnight surge? Everybody's asking. “We also want to know why.” People from many agencies were puzzled.

According to Yingwei financial reports, this round of stock price surges may have nothing to do with financial reports, or is it just an oolong. Some analysts believe that some investors have confused FANG (that is, Facebook, Amazon, Netflix, and Google) with Fangdd (Fangdd), and investors who originally intended to buy FANG have mistakenly bought FANG.

Guo Yi, COO of Wantong Securities, revealed in an interview with 21Tech that judging from the housing duoduo transaction situation, most of them are programmatic transactions, and it is obvious that changes can be seen. “There are actually quite a few stocks that fluctuate in US stocks, but this magnitude is really too large.”

Other people in the industry believe that this unusual behavior may cause an investigation by the US regulatory authorities.