- The stock price of China XD Plastics Company Ltd (NASDAQ: CXDC) increased by 58.97% today. This is why it happened.
The stock price of China XD Plastics Company Ltd (NASDAQ: CXDC) increased by 58.97% today. There are no company-specific reports or filings for why the company stock price increased so it appears there are external factors at play.
In this case, it appears that there was a coordinated short squeeze by investors who are active on social media platforms like Discord, Reddit, StockTwits, Twitter, etc. CXDC has been squeeze multiple times over the past month or so.
Last month, China XD Plastics Company had announced that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that Nasdaq’s staff has determined to deny the company’s request for continued listing on Nasdaq. China XD Plastics Company said it was intending to request a hearing before a Nasdaq Hearings Panel no later than September 14, 2021 to seek an exception period in which to complete its filings and thereby regain compliance with listing standards.
Here are some recent tweets about CXDC:
$CXDC lol mini
— GDPMGR (@GDPMGR) October 27, 2021
More unwind $CXDC literally a trading vehicle soak the float, trap shorts squeeze out and walk. Despite taking risk down a bunch still can unwind for a round trip.
Be safe 👏 https://t.co/XDH9DtN7o7
— Nathan Michaud (@InvestorsLive) October 27, 2021
$CXDC could squeeze big time
— ⚡️TheStockMan⚡️ (@thestockman0) October 27, 2021
— Money Flow (@MoneyFlowPicks) October 27, 2021
tmrw will be pennies, china, & symp plays. First watch $CXDC – symp is $ITP . $MOHO should fly considering ah. $GNUS has big 10:30 conf so runup & selloff. $XELA may push off sup. & squeeze some. $MARK got itchy in ah so watch that + $PHUN since both had similar runs and may symp
— Harley Q Trader (@Harley_Q_Rocks) October 27, 2021
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