We are living through some crazy times and the stock market has read the memo. Yesterday, shares of Chinese fintech company Jiayin Group (JFIN) were up during the session by over 900%. Needless to say, someone, somewhere (probably in China), enjoyed some after work drinks. The stock pulled back and by the end the day was “only” up by 96%.Were the massive share gains in anticipation of today’s earnings report? Hard to tell, but the report was nothing to write home about. Revenue came in at $44.28 million, down year-over-year by 57.1% and missing the estimates by $5.13 million. Bottom …read more
Source:: Yahoo Finance
