Changes in Hong Kong stocks | Wenyuan Zhixing - W (00800) rose more than 5% at the end of the session, ARK Investment Company under Sister Mu Toujie officially opened a position

The Zhitong Finance App learned that Wenyuan Zhixing-W (00800) rose more than 5% at the end of the session and has risen nearly 25% in the past two weeks. As of press release, it rose 4.71% to HK$23.1, with a turnover of HK$219.29 million.

According to the news, on December 1, ARK Investment Company, a subsidiary of well-known investor Cathie Wood, opened a position with WRD.US (WRD.US) and purchased 417,000 shares, showing its confidence and long-term layout in Wenyuan Zhixing. Bank of America released a research report on the same day, covering Wenyuan Zhixing for the first time and giving it a “buy” rating. The target prices were set at $12 for US stocks and HK$31 for Hong Kong stocks, with room for growth of about 45.6% and 50%, respectively.