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Pintec (PT) rose 11.71% in active trading on October 20


Today, shares of Pintec Technology Holdings Ltd – ADR Inc (NASDAQ: PT) were up $ 0.13, an increase of 11.71%. Pintec opened at $ 1.15 before trading between $ 1.32 and $ 1.02 throughout Wednesday’s session. The activity saw Pintec’s market cap rise to $ 44,712,932 on 5,632,358 stocks, above their 30-day average of 309,532.

About Pintec Technology Holdings Ltd – ADR

PINTEC Technology Holdings Limited is a leading independent technology platform providing financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to deliver financial services to end users effectively and efficiently. The Company offers its partners a full range of personalized solutions, ranging from point-of-sale financing, personal installment loans and installment loans to businesses, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of verticals spanning online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, research on Internet and online classifieds and listings, as well as various types of financial partners, including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies, peer-to-peer platforms and other similar institutions.

Visit the Pintec Technology Holdings Ltd – ADR Profile for more information.

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Since the onset of the global pandemic, historically low interest rates and government spending have inhibited saving and encouraged borrowing and spending to boost the economy during difficult times. The US Federal Reserve and the government injected much more liquidity into the financial system than during the global financial crisis of 2008. We have seen an increase in inflationary pressures due to the stimulus. Additionally, the unintended consequences of the pandemic created shortages and supply chain bottlenecks that only exacerbated the price hike.

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About the Nasdaq Stock Market

The Nasdaq Stock Market is a global leader in trading data and services, as well as the listing of stocks and options. The Nasdaq is the world’s largest stock exchange for options volume and is home to the five largest US companies – Apple, Microsoft, Amazon, Alphabet and Facebook.

To get more information about Pintec Technology Holdings Ltd – ADR and keep up with the latest company updates, you can visit the company profile page here: Pintec Technology Holdings Ltd – ADR’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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