Xunlei Limited Stock Jumps Nearly 20%

Shares of China-based cloud computing company Xunlei (NASDAQ: XNET) jumped as much as 19.6% on Tuesday. While the gain has moderated slightly, shares still closed the trading day up 9.6%.

There doesn't seem to be an immediate reason for Xunlei's stock price movement on Tuesday. Sometimes stocks move for no specific reason beyond underlying trading activity, and this could be the case with Xunlei.

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Source: Fool.com