Xpeng Stock Jumps, Retail Turns ‘Bullish’ After CEO Boosts Stake

Xpeng stock surged over 7% after CEO Xiaopeng He boosted his stake, buying one million H-shares and 1.42 million American depositary shares between August 21 and 23. This insider buying signals strong confidence in the company's future, despite challenges like weak domestic demand and fierce competition.

Retail sentiment turned bullish, with increased interest in XPEV, even as the stock has dropped over 50% this year. The CEO plans to further increase his stake, highlighting continued optimism amidst market difficulties.