Chinese membership based social e-commerce platform operator Yunji Inc (NASDAQ:YJ) could be one of the stocks to watch today for investors considering the sort of gains it has clocked in recent days.
The rally in the stock continued unabated on Tuesday as it ended the day with gains of as much as 15%. More importantly, the latest rally took its total gains for the past week to as much as 30%. Although it is true that there has been no news at all about the company in the past week, it might be a good move to take a look at an announcement from the company back on September 28.
The company announced that on September 27 it had received a notification from the Listing Qualifications Department of the Nasdaq Stock Market LLC with regards to the fact that the closing bid price of Yunji American Depository Shares had been lower than a dollar over the course of 30 straight business days.
That is in violation of the minimum bid price requirements for the exchange. However, the company had been provided with a period of 180 days within which it would need to regain compliance once again.
