YJ Stock Surges 5.26% Amidst Internet Retail Sector Gains

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Oct 11, 2024
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Yunji Inc. (YJ, Financial) saw its stock price increase by 5.26% recently, with the price reaching $2.20 per share on minimal trading volume. Despite this uptick, the company's recent financial report revealed an operating revenue of $14.63 million, a net loss of $1.64 million, and an earnings per share of -$0.33. The stock currently has a price-to-earnings ratio of -0.05, and there are no recommendations from analysts on whether to buy, hold, or sell.

In the broader internet retail sector, which includes Yunji, the overall rise was 1.75%. Notable performers in the sector included Jeffs' Brands Ltd and Solo Brands, Inc., which showed significant gains. Active stocks in this category were Jeffs' Brands Ltd, Wayfair Inc., and Kidpik Corp., with turnover rates of 2.23%, 1.89%, and 1.53%, respectively. Stocks with high volatility included Oriental Culture, Jeffs' Brands Ltd, and Jowell Global Ltd, with fluctuations of 22.41%, 16.18%, and 15.13%, respectively.

Yunji, a Chinese social e-commerce platform, leverages social interactions to offer a curated selection of products across various categories. The company has expanded its business operations across different sales channels and platforms throughout China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.