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Benzinga
Benzinga
Business
Wayne Duggan

Futu Bull-Bear Debate: Does The Recent Rally In Chinese Stocks Have Legs?

Futu Futu Holdings Ltd Nasdaq United States

Chinese online brokerage platform Futu Holdings Ltd (NASDAQ:FUTU) is understandably a polarizing topic among analysts and investors.

The stock is down 68.7% in the past year as both Chinese and U.S. regulators have cracked down on U.S.-listed Chinese stocks. However, the stock has rebounded by 66.4% in the past month driven by big first-quarter earnings and revenue beats.

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