XPeng Stock Jumps After Chief Executive Boosts Shareholding
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He Xiaopeng continued to increase his shareholding, buying both Hong Kong stocks and US stocks, and xpeng's stock in regular trading hours rose by 8.7%.
Xpeng's H shares listed in Hong Kong rose 7%, and its American depositary receipts rose 8.7% during regular trading hours. The reason is that Xpeng's CEO, He Xiaopeng, had previously purchased 1 million shares of H shares at an average price of HKD 27.13 per share between August 21 and August 23, as well as 1.42 million American depositary receipts at an average price of USD 7.02 per share. He plans to continue increasing his holdings.
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