USMART Trading Hot list 8.24 | Tesla's stock split will take effect.
August 24th uSMART trading hot list

List scan:
No. 1 Tesla. Tesla's plan to split one share into three shares will come into effect after the US stock market opened on Aug. 24, Eastern time, and the price per share is expected to fall from the current 891.29 to about $300. Tesla carried out a 1:5 split two years ago. After the split, the share price soared from about $400 to 80 per cent in five months. Do uSMART users think that the Tesla split will continue to rise after the split takes effect?
No. 2 SQQQ. Us stocks rose slightly overnight, although it stopped falling three times in a row, but the trading heat of SQQQ remained unchanged, continuing to rank second in the number of transactions. Jackson Hole conference is just around the corner, the market is more cautious, SQQQ is still a good target for risk aversion and hedging.
No. 3 STBX. Shares of Starbox, a Malaysian cash-back service, fell on the second day of trading, closing down 36 per cent, rising more than sixfold on the first day of trading and up 1000 per cent at one point in intraday trading.
No. 4 Kuaishou. Kuaishou announced its latest quarterly results after trading on the 23rd. Although the results exceeded expectations, Kuaishou fell 8% yesterday under pessimism.
No. 5 Su Xin service. Suxin services listed for the first time in Hong Kong yesterday, and its shares suddenly plunged nearly 7 per cent in the morning after almost opening, then rose rapidly and was almost pulled back to its offering price. Friends who trade in uSMART, are you fishing for green shoes?
Apart from Kuaishou, there are also a large number of people trading in other Hong Kong technology stocks.Double long Hang Seng Technology ETF, Alibaba and Xiaomi ranked 6th, 7th and 9th respectively. The hang Seng technology index fell 2.77% yesterday, and the share prices of Ali and Xiaomi did not perform well after the latest results were announced.
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