XChange TEC.INC Announces Acquisition of Hong Kong Insurance Brokerage Firm to Expand Market Presence
Acquisition Announcement: XChange TEC.INC has acquired a Hong Kong-based insurance brokerage, enhancing its access to the growing insurance market in Hong Kong and enabling the launch of customized insurance solutions for clients in China and internationally.
Strategic Growth Plan: This acquisition is a key step in the Company's Asia-Pacific growth strategy, aiming to serve high-net-worth individuals and multinational corporations while providing innovative risk management and wealth enhancement solutions.
Trade with 70% Backtested Accuracy
Analyst Views on XHG
About XHG
About the author
LexinFintech Shares Surge Over 15%; Check Out 20 Stocks Making Moves in Premarket Trading
LexinFintech Holdings Performance: LexinFintech Holdings Ltd reported a significant increase in quarterly earnings, rising to 43 cents per share from 28 cents a year ago, despite a drop in sales to $367.580 million from $521.851 million. The stock surged 15.3% in pre-market trading.
Other Gainers in Pre-Market Trading: Several stocks saw notable increases in pre-market trading, including Inspire Veterinary Partners Inc (+54.4%), VisionSys AI Inc (+43.4%), and JX Luxventure Group Inc (+36.2%).
Losers in Pre-Market Trading: Conversely, stocks like Clearside Biomedical Inc (-50.3%), Shuttle Pharmaceuticals Holdings Inc (-15%), and XChange TEC.INC (-14%) experienced significant declines in pre-market trading.
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with specific percentage changes.
Nvidia Shares Rise Over 5%; Check Out 20 Stocks Making Moves in Premarket Trading
NVIDIA's Strong Performance: NVIDIA Corp's shares rose 5.2% in pre-market trading after reporting a 62% year-over-year revenue increase to $57.0 billion for Q3, surpassing expectations with a strong revenue forecast for the current quarter.
Notable Gainers: Several stocks saw significant pre-market gains, including Sonder Holdings Inc (+138.8%), Inspire Veterinary Partners Inc (+60.3%), and Cerence Inc (+29.2%), following positive financial results or forecasts.
Major Losers: WeShop Holdings Limited experienced a sharp decline of 38.8% in pre-market trading after a previous surge, while other notable losers included Brera Holdings PLC (-35.5%) and Meihua International Medical Tech Co Ltd (-23.8%).
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting better-than-expected financial results while others faced significant declines.
MongoDB Shares Surge 31%; Check Out 20 Stocks Making Moves in Premarket Trading
MongoDB's Strong Performance: MongoDB, Inc. shares surged 31% in pre-market trading after reporting better-than-expected second-quarter results and raising its fiscal 2026 adjusted EPS guidance to between $3.64 and $3.73.
Other Gainers: Notable pre-market gainers included NovaBay Pharmaceuticals (up 66.7% due to a special cash dividend), Bollinger Innovations (up 32.1%), and BioXcel Therapeutics (up 19.5% after announcing Phase 3 data).
Pre-Market Losers: Stocks that declined in pre-market trading included Fenbo Holdings (down 16.8%), SCWorx Corp (down 15.2%), and Beneficient (down 14.3%).
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting significant movements both upward and downward.
XCHANGE TEC.INC RECEIVES NASDAQ DELISTING DETERMINATION AND PLANS TO APPEAL
Delisting Notice from Nasdaq: XChange TEC.INC received a delisting letter from Nasdaq due to non-compliance with the minimum Market Value of Listed Securities requirement, which expired on May 12, 2025. The company plans to appeal this decision by May 20, 2025.
Company Overview: XChange TEC.INC operates in the insurance sector in China, providing a range of insurance products and developing insurance technology solutions, including a SaaS platform for consumer connection and underwriting support.
Alcon, American Eagle, GRAIL And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. Stock Market Overview: U.S. stock futures showed mixed results, with Dow futures down 0.1%. Alcon Inc's shares fell 5.5% after reporting disappointing quarterly earnings and lowering FY2025 earnings guidance while raising sales guidance.
Other Notable Stock Movements: Several companies experienced significant pre-market declines, including Aurora Innovation (-16.7%), GRAIL Inc (-14.1%), and American Eagle Outfitters (-13.8%) following negative news or revised guidance.
XChange TEC.INC Announces Plan to Implement ADS Ratio Change
ADS Ratio Change Announcement: XChange TEC.INC plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 120 Class A ordinary shares to 1 ADS representing 2,400 Class A ordinary shares, effective May 9, 2025.
Impact on ADS Holders: This change will function as a one-for-twenty reverse split, requiring holders to exchange their old ADSs for new ones, with no fractional new ADSs issued; instead, fractional entitlements will be sold and proceeds distributed to ADS holders.
LexinFintech Shares Surge Over 15%; Check Out 20 Stocks Making Moves in Premarket Trading
LexinFintech Holdings Performance: LexinFintech Holdings Ltd reported a significant increase in quarterly earnings, rising to 43 cents per share from 28 cents a year ago, despite a drop in sales to $367.580 million from $521.851 million. The stock surged 15.3% in pre-market trading.
Other Gainers in Pre-Market Trading: Several stocks saw notable increases in pre-market trading, including Inspire Veterinary Partners Inc (+54.4%), VisionSys AI Inc (+43.4%), and JX Luxventure Group Inc (+36.2%).
Losers in Pre-Market Trading: Conversely, stocks like Clearside Biomedical Inc (-50.3%), Shuttle Pharmaceuticals Holdings Inc (-15%), and XChange TEC.INC (-14%) experienced significant declines in pre-market trading.
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with specific percentage changes.
Nvidia Shares Rise Over 5%; Check Out 20 Stocks Making Moves in Premarket Trading
NVIDIA's Strong Performance: NVIDIA Corp's shares rose 5.2% in pre-market trading after reporting a 62% year-over-year revenue increase to $57.0 billion for Q3, surpassing expectations with a strong revenue forecast for the current quarter.
Notable Gainers: Several stocks saw significant pre-market gains, including Sonder Holdings Inc (+138.8%), Inspire Veterinary Partners Inc (+60.3%), and Cerence Inc (+29.2%), following positive financial results or forecasts.
Major Losers: WeShop Holdings Limited experienced a sharp decline of 38.8% in pre-market trading after a previous surge, while other notable losers included Brera Holdings PLC (-35.5%) and Meihua International Medical Tech Co Ltd (-23.8%).
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting better-than-expected financial results while others faced significant declines.
MongoDB Shares Surge 31%; Check Out 20 Stocks Making Moves in Premarket Trading
MongoDB's Strong Performance: MongoDB, Inc. shares surged 31% in pre-market trading after reporting better-than-expected second-quarter results and raising its fiscal 2026 adjusted EPS guidance to between $3.64 and $3.73.
Other Gainers: Notable pre-market gainers included NovaBay Pharmaceuticals (up 66.7% due to a special cash dividend), Bollinger Innovations (up 32.1%), and BioXcel Therapeutics (up 19.5% after announcing Phase 3 data).
Pre-Market Losers: Stocks that declined in pre-market trading included Fenbo Holdings (down 16.8%), SCWorx Corp (down 15.2%), and Beneficient (down 14.3%).
Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting significant movements both upward and downward.
XCHANGE TEC.INC RECEIVES NASDAQ DELISTING DETERMINATION AND PLANS TO APPEAL
Delisting Notice from Nasdaq: XChange TEC.INC received a delisting letter from Nasdaq due to non-compliance with the minimum Market Value of Listed Securities requirement, which expired on May 12, 2025. The company plans to appeal this decision by May 20, 2025.
Company Overview: XChange TEC.INC operates in the insurance sector in China, providing a range of insurance products and developing insurance technology solutions, including a SaaS platform for consumer connection and underwriting support.
Alcon, American Eagle, GRAIL And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. Stock Market Overview: U.S. stock futures showed mixed results, with Dow futures down 0.1%. Alcon Inc's shares fell 5.5% after reporting disappointing quarterly earnings and lowering FY2025 earnings guidance while raising sales guidance.
Other Notable Stock Movements: Several companies experienced significant pre-market declines, including Aurora Innovation (-16.7%), GRAIL Inc (-14.1%), and American Eagle Outfitters (-13.8%) following negative news or revised guidance.
XChange TEC.INC Announces Plan to Implement ADS Ratio Change
ADS Ratio Change Announcement: XChange TEC.INC plans to change the ratio of its American depositary shares (ADSs) from 1 ADS representing 120 Class A ordinary shares to 1 ADS representing 2,400 Class A ordinary shares, effective May 9, 2025.
Impact on ADS Holders: This change will function as a one-for-twenty reverse split, requiring holders to exchange their old ADSs for new ones, with no fractional new ADSs issued; instead, fractional entitlements will be sold and proceeds distributed to ADS holders.
