Kingold Jewelry Inc. (KGJI) shares closed today 74.6% lower than it did at the end of yesterday. The stock is currently down 87.9% year-to-date, down 91.1% over the past 12 months, and down 91.1% over the past five years. Today, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.8%. Trading Activity Shares traded as high as $0.10 and as low as $0.01 this week.Shares closed 96.9% below its 52-week high and 50.0% above its 52-week low.Trading volume this week was 29.3% lower than the 10-day average and 27.0% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis The company share price lags the performance of its peers in the Consumer Discretionary industry sector today, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -253.1% The company's stock price performance over the past 12 months lags the peer average by -156.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Kingold Jewelry Inc. (KGJI) shares closed this week 89.3% lower than it did at the end of last week. The stock is currently down 87.9% year-to-date, down 91.1% over the past 12 months, and down 91.1% over the past five years. This week, the Dow Jones Industrial Average fell 0.5%, and the S&P 500 fell 1.0%. Trading Activity Shares traded as high as $0.10 and as low as $0.01 this week.Shares closed 96.9% below its 52-week high and 50.0% above its 52-week low.Trading volume this week was 29.3% lower than the 10-day average and 27.0% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price lags the performance of its peers in the Consumer Discretionary industry sector this week, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -253.1% The company's stock price performance over the past 12 months lags the peer average by -156.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Kingold Jewelry Inc. (KGJI) shares closed today 74.6% lower than it did at the end of yesterday. The stock is currently down 87.9% year-to-date, down 91.1% over the past 12 months, and down 91.1% over the past five years. Today, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.8%. Trading Activity Shares traded as high as $0.10 and as low as $0.01 this week.Shares closed 96.9% below its 52-week high and 50.0% above its 52-week low.Trading volume this week was 40.5% lower than the 10-day average and 27.0% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis The company share price lags the performance of its peers in the Consumer Discretionary industry sector today, lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -253.1% The company's stock price performance over the past 12 months lags the peer average by -156.9%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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China will allow the nation’s army of small investors for the first time in history to file class action lawsuits in cases such as fraud and price manipulation, as policymakers stiffen penalties in the wake of scandals involving local businesses on stock exchanges at home and abroad.The landmark decision by the country’s Supreme Court paves the way for the world’s largest group of individual investors to seek compensation for investment losses by suing a defendant or defendants en masse. Class…
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Kingold Jewelry, the Nasdaq-listed company that used fake gold bars to obtain loans in China, said it’s under investigations in its home country after the Chinese government declared zero tolerance for financial fraud to head off a US law for kicking fraudulent Chinese companies out of US markets.An investigation is under way in the Hubei provincial capital of Wuhan, where the producer of household ornaments and jewellery is based, Kingold said in a filing to the US Securities and Exchange…
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The China Banking and Insurance Regulatory Commission confirmed the scandal involving Nasdaq-listed Kingold Jewelry for the first time, as it stressed the need to clamp down on financial irregularities and fraud over the weekend.In a statement issued on Saturday, the watchdog also summarised the major challenges and risks the country’s financial sector had faced this year.“A number of banking, insurance and trust institutions were involved in the Wuhan Kingold Jewelry fake gold incident, which…
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)
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The latest scandal involving a Nasdaq-listed Chinese company, this time using fake gold as collateral, will add fresh ammunition to American politicians already hostile to China Inc. Kingold Jewelry, the Wuhan-based jeweller, was found to have used 83 tonnes of “gold bars”, which later turned out to be gilded copper, to secure 20 billion yuan (US$2.8 billion) in loans from multiple mainland financial institutions. The expose came less than three months after Luckin Coffee, once billed as the…
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Nasdaq-listed Chinese jeweler Kingold Jewelry Inc. (KGJI) has received 20 billion yuan ($2.8 billion) loans by claiming to …
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Kingold Jewelry, Inc. (KGJI) Investors
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI) securities between March 15, 2018 and June 28, 2020, inclusive (the “Class Period”). Kingold investors have until August 31, 2020 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. On June 29
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #classaction--The Law Offices of Frank R. Cruz announces an investigation on behalf of Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI) investors concerning the Company and its officers’ possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese fina
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #fraud--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Kingold Jewelry, Inc. (KGJI) on Behalf of Investors
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #KGJI--SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Kingold Jewelry, Inc.
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According to multiple industry reports published this week, the Wuhan-based and NASDAQ-listed Kingold Jewelry allegedly issued 83 tonnes of fake gold – valued at $4.2 billion and the equivalent to 22 percent of the country's gold – as collateral to attain loans from at least 14 Chinese money lenders and trust banks.
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Kingold Jewelry, a Nasdaq-listed jeweller and producer of household ornaments, has been accused of large-scale fraud in the second major scandal in three months involving a Chinese company listed in the US.The Wuhan-based company is alleged to have used fake gold bars as collateral to fraudulently obtain 20 billion yuan (US$2.8 billion) in loans, in a case that risks fuelling a recent drive by American politicians to expel Chinese companies from Wall Street.Shares of the Nasdaq-listed gold…
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LOS ANGELES--(BUSINESS WIRE)---- $KGJI #KGJI--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Kingold Jewelry, Inc.
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WUHAN CITY, China--(BUSINESS WIRE)--Kingold Jewelry, Inc. ("Kingold" or the "Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of high quality 24-karat gold jewelry, ornaments and investment-oriented products, today announced the appointment of Yi Huang as Acting Chief Financial Officer of Kingold, effective June 1, 2020. Mr. Huang is currently a member of Kingold’s executive leadership team, serving as Vice President of Wuhan Kingold Jewelry Company Limited, a contra
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