Business

How is VinFast stock doing after 3 consecutive falling sessions on the US stock exchange?

Posted on by quatest
15
Apr

Opening session on September 1 on the Nasdaq stock exchange, the stock VinFast of billionaire Pham Nhat Vuong continued to fall for the 4th consecutive session to 32,52 USD/share, down more than 6% compared to the previous trading session.< /p>

Strong selling pressure pushed VFS price down 24% to 26.26 USD/share. Then the price recovered slightly and sometimes regained the 30 USD/share mark.

However, at the end of the session This code still decreased by 15% to 29 5 USD/share. Liquidity reached 7 3 million shares.

With the price on VinFast’s market capitalization decreasing to 68 5 billion USD VinFast market has now dropped one more place to 6th place but is still ranked above many other famous car brands in the world such as BMW Ferrari Honda Ford…

On the ranking of the rich billionaire Pham Nhat Vuong also dropped to 460th place with assets of 5.9 billion USD.

How is VinFast stock after 3 consecutive falling sessions on the US stock exchange? - 2
VinFast has moved back to No. 6 in the list of car manufacturers with the world’s largest market capitalization (Photo: Companiesmarketcap).

</figure >VFS stock price is close to the price at the time of listing about half a month ago. Recently, VFS stock has attracted a lot of attention on the exchange US stocks when there is an incredible upward momentum .

Share about stock VFS increased sharply in the first days of its listing, VinFast Global CEO Le Thi Thu Thuy said the reason VFS’s price increased sharply on Nasdaq was mainly due to low liquidity. The volume of shares traded is very modest while the demand is high.

In fact, a large amount of shares held by billionaire Pham Nhat Vuong and internal shareholders are not traded. The transfer of shares in the first session at VFS was due to investors buying and selling many times.

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