Why JX Luxventure (JXJT) Stock Is Skyrocketing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
0mins
Source: Benzinga
- JX Luxventure Ltd Partnership: JX Hainan, a subsidiary of JX Luxventure, signed a $100 million agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles, leading to a 29.4% increase in JXJT shares.
- Growth Strategy: The collaboration aims to boost growth and profit margins by combining JX Hainan's international automotive procurement expertise with Tianjin Auto Trading's sales platform in China.
- Market Expansion: The partnership intends to bring more luxury vehicles efficiently into the Chinese market by leveraging Tianjin's sales reach and media expertise for logistics, financing solutions, and other services.
- Investing in JX Luxventure: Interested individuals can buy shares through brokerage accounts, including fractional shares, or bet against the company through options trading platforms or shorting stocks.
- Financial Data: JXJT has a 52-week high and low, and as of publishing time, it is trading at $1.15, where $100 would buy approximately 86.96 shares of stock.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
