Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Chinese ride-hailing company Didi Global's (NYSE: DIDI) share price is rallying premarket after denying reports that it was considering going private.
A Wall Street Journal report said the company was looking at delisting to appease Chinese authorities following crackdowns on tech firms in the country.
The Wall Street Journal said the company had received support from cybersecurity regulators, according to people familiar with the matter.
However, the company has stated on Weibo, a Chinese social media site, that the “rumour” was incorrect. Furthermore, the company said it is “actively and fully” cooperating with a cybersecurity investigation.
Didi listed in New York in June, raising $4.4 billion in an IPO.
Its share price rallied over 40% following the WSJ report. However, it is now trading at $10.57, up 19.28% premarket on Thursday. On its market debut, Didi's stock price reached a high of $18 per share.
Tech stocks offer some of the best growth potential, but time and time again, traders and investors ask us “what are the best tech stocks to buy?” You've probably seen shares of companies such as Amazon and Netflix achieve monumental rises in the past few years, but there are still several tech stocks with room for significant gains. Here is our analysts view on the best tech stocks to buy right now
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