Cango Inc ADR (NYSE:CANG) Shares Jumped 16.37% In A Week. Can It Continue Rising?

In recent trading session, Cango Inc ADR (NYSE:CANG) saw 1.55 million shares changing hands at last check today with its beta currently measuring 0.48. Company’s recent per share price level of $5.19 trading at -$0.57 or -9.90% at last check today assigns it a market valuation of $375.91M. That most recent trading price of CANG’s stock is at a discount of -86.13% from its 52-week high price of $9.66 and is indicating a premium of 81.7% from its 52-week low price of $0.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.65 million shares which gives us an average trading volume of 486.56K if we extend that period to 3-months.

Cango Inc ADR (NYSE:CANG) trade information

Upright in the red during last session for losing -9.90%, in the last five days CANG remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $5.19 price level, adding 46.27% to its value on the day. Cango Inc ADR’s shares saw a change of 408.82% in year-to-date performance and have moved 16.37% in past 5-day. Cango Inc ADR (NYSE:CANG) showed a performance of 25.36% in past 30-days. Number of shares sold short was 0.16 million shares which calculate 0.39 days to cover the short interests.

Cango Inc ADR (NYSE:CANG)’s Major holders

PRIMAVERA CAPITAL MANAGEMENT LTD is the top institutional holder at CANG for having 5.15 million shares of worth $8.61 million. And as of 2024-06-30, it was holding 4.8846 of the company’s outstanding shares.

The second largest institutional holder is CETERA INVESTMENT ADVISERS, which was holding about 98450.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0933 of outstanding shares, having a total worth of $0.16 million.