Why Shares of ZTO Express Are Skyrocketing Today

Giving back of some of the 20.8% gain that they enjoyed earlier in the trading session, shares of ZTO Express (NYSE: ZTO) are still up significantly today. As of 11:38 a.m. ET, shares of the Chinese logistics company are up 10.3%.

Besides Wall Street's positive commentary on the stock, investors are picking up shares in response to the surprisingly strong third-quarter earnings report that the company released yesterday after the bell.

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Source Fool.com