ILAG stock price soars 70%+ intraday as investors embrace volatile Chinese shares again [Seeking Alpha]
Intelligent Living Application Group Inc. (ILAG)
Company Research
Source: Seeking Alpha
ILAG stock price soars 70%+ intraday as investors embrace volatile Chinese shares againAug. 05, 2022 3:24 PM ETIntelligent Living Application Group Inc. (ILAG)DIDIYHKDAMTDBy:Jerry KronenbergSA News Editor1 CommentIgor KutyaevHong Kong-based door-lock maker Intelligent Living Application Group (NASDAQ:ILAG roseas much as 75.8% to hit $3.85 before pulling back some to change hands at $3.56 shortly after 3 p.m. ET, up 62.6% on the day. The stock â?? which has about a $40M market capitalization -- had already seen more than 54M shares of trading volume as of about 3:15 p.m. ET. Thatâ??s way above the 7M that the name typically sees.high-volume, high-volatility trading daysThe stock shot up to as high as $26.40 intraday in itsfirst sessionILAGâ??s crazy swings are coming at a time when Wall Streetâ??s appetite for volatile Chinese stocks seems to have re-emerged after cooling during 2021. Firms like DiDi Global (OTCPK:DIDIYHowever, Chinese fintech AMTD Digital (reignited the crazeMeanwhile
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