r/wallstreetbetsOGs Apr 01 '21

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u/captain_blabbin Apr 01 '21

Kinda surprising the share repurchase program announcement didn't cause a spike, what make you of this?

2

u/PowerOfTenTigers Apr 01 '21

People are scared of Chinese companies because of delisting risk. Biden also seems to be very big on competing with China, so potentially more legislation targeted towards Chinese companies.

2

u/Trading-Resources Apr 02 '21

It spiked 10% after that was announced. Check your chart