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Kaixin Auto Stock Drops 40% After Insane Rise Over the Past Week

TheMotleyFool

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Kaixin Auto Stock Drops 40% After Insane Rise Over the Past Week

Shares of Kaixin Auto Holdings (NASDAQ: KXIN), a Chinese financing platform that evolved into a dealership network, were down 40% at 12:54 p.m. EDT on Tuesday as the stock lost some of its recent incredible, yet inexplainable, gains.

Sometimes stocks go up, and sometimes stocks go down -- and sometimes they just do things that make little sense to investors.