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Stock impact report

iQIYI (IQ) Soars 9.3% on Key Leadership Changes [Yahoo! Finance]

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
iQIYI snapped a five-day losing streak on Wednesday, jumping by as much as 9.3 percent at intra-day trading to hit $2.1 apiece, as investors resorted to bargain-hunting to take advantage of the previous sessions' dip, while digesting its its search for the next chief finance officer (CFO). At market close, the stock pared gains to finish just 4.69 percent higher at $2.01 apiece. This followed the immediate resignation of Jun Wang from his role as the Finance head on Tuesday amid personal reasons. He will be temporarily replaced by incumbent Finance Senior Vice President Ying Zeng while the company conducts an executive search of candidates for the position. Rawpixel.com/Shutterstock.com Wang would continue to serve as an advisor to iQIYI Inc. (NASDAQ:IQ) until May 31, 2026 to ensure a smooth transition. “I am grateful to Jun for his dedicated service. Jun's expertise and leadership have been instrumental in significantly strengthening our capital structure and establishing Show less Read more
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