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Here's Why Nio, Alibaba, Palantir And GameStop Are Moving

Benzinga logo Benzinga 1/25/2021 Henry Khederian
a person using a laptop computer sitting on top of a wooden table © Provided by Benzinga

One of the most common questions traders have about stocks is “Why Is It Moving?”.

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s why shares of Nio, Alibaba, Palantir and GameStop are moving.

Shares of several Chinese stocks, including Nio Inc - ADR (NYSE: NIO), Alibaba Group Holding Ltd - ADR (NYSE: BABA) and Pinduoduo Inc - ADR (NASDAQ: PDD) are trading higher amid China becoming the world leader in foreign direct investment and president Xi delivering the keynote address at the World Economic Forum.

Palantir Technologies Inc (NYSE: PLTR) shares are trading higher ahead of its Live Demo Day tomorrow and amid continued momentum driven by retail investor interest in the stock.

GameStop Corp. (NYSE: GME) shares are trading higher amid continued momentum driven by retail investor interest in the stock. Shares traded as high as $136.63 during pre-market trading.

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