- The stock price of Senmiao Technology Ltd (NASDAQ: AIHS) increased by over 17% today. This is why it happened.
The stock price of Senmiao Technology Ltd (NASDAQ: AIHS) increased by over 17% today. There is no company-specific news driving up the stock price today so it appears there are external factors at play.
But it is worth mentioning that there has been an uptick in discussions about AIHS on social media forums like Discord, Twitter, StockTwits, and Facebook. Discussions about the company include the company recently signing a new contract with Shanghai Lutuan Technology (an affiliate of Meituan). As part of that deal, online ride-hailing requests and orders will be completed on Meituan’s platform utilizing Senmiao’s network of cars and drivers for a set monthly fee.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.