Tesla displayed a powerful breakout on earnings, while
BYD found itself in a buying zone before the announcement of Q3 results. The stock reached a 52-week high of $70.08, despite an increase in
short interest.
Warren Buffett’s Berkshire Hathaway sold off some BYD shares followed by a rise in trade tension relating to
Chinese EVs. Byd Company showed great form by outpacing other
Auto-Tires-Trucks stocks. The company has shown impressive growth and is poised for gains backed by new
supply deals with China's Forvia and Xiaomi. However, the gaming stock is facing challenges amidst growth plans. BYD is also under fire from
Europe’s new tariff plans. Berkshire Hathaway reduced its stake in BYD to below 5% despite the consistent performance from the Chinese EV giant. The company is set to release Q2 earnings causing the investors to retain the stocks in anticipation of positive results. Existing investors should take advantage of the current positive momentum in
Byd Co., as the shares are doing excellent, leading the
early backer Warren Buffett to pause selling his stocks.
BYD Stocks News Analytics from Fri, 01 Mar 2024 08:00:00 GMT to Sat, 26 Oct 2024 17:34:28 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor 4
