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Yuanbao (NASDAQ:YB) Trading Up 8.5% - Here's Why

Yuanbao logo with Financial Services background

Shares of Yuanbao Inc. (NASDAQ:YB - Get Free Report) shot up 8.5% on Monday . The stock traded as high as $16.46 and last traded at $16.46. 113,427 shares were traded during trading, an increase of 87% from the average session volume of 60,542 shares. The stock had previously closed at $15.17.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Yuanbao from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.

Get Our Latest Analysis on Yuanbao

Yuanbao Stock Up 15.7%

Yuanbao (NASDAQ:YB - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $133.68 million for the quarter.

About Yuanbao

(Get Free Report)

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.

Further Reading

Should You Invest $1,000 in Yuanbao Right Now?

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