Vinfast stock price on April 25, 2024 increased by nearly 8% compared to the closing price of the previous day, increasing Vinfast’s capitalization value to more than 400 million USD, reaching nearly 6.3 billion USD.
Looking at the chart above, we can see that VFS price on April 25 was divided into two completely different segments, in which the first half of the day was flat at a low level around 2.49 – 2.5 USD. The second half of the day suddenly skyrocketed above 2.6 USD, the highest time being the closing price of 2.69 USD/share.
Trading volume reached nearly 2.6 million shares, lower than a few days ago, but still higher than the average of more than 2 million shares.
It’s been a long time since I’ve seen VFS prices increase so strongly. US stocks also increased sharply yesterday, in which the Nasdaq stock exchange increased the most by more than 1%. Shares of leading electric car company Tesla also increased sharply by nearly 5% to more than 170 USD/share.
The increase in VFS price on the 25th may also be part of the general market trend, and information from billionaire Pham Nhat Vuong was broadcast at the annual shareholders’ meeting on the morning of April 25, Vietnam time. Mr. Vuong affirmed that Vinfast is the future of Vingroup, the group will not let go of Vinfast. Vinfast will reach break-even point in 2026 and start making a profit. He will also inject an additional 1 billion USD into Vinfast.
Hopefully the electric vehicle market will prosper and the determination of Vietnam’s richest man on the stock market will help Vinfast overcome challenges in the coming time, pushing VFS stock price up to the target price set by Wall Street. out is 10-12 USD/share.
Tags: Vinfast stock price fluctuate April billionaire Pham Nhat Vuong announced additional billion USD Vinfast
-
