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Here’s Why Aston Martin Share Price Trades Over 7% Higher Today

Updated: 22 Mar 2021

Shares of Aston Martin Lagonda Global Holdings PLC (LON: AML) soared more than 7% today after the company’s president for Asia Pac & China region said that he is “very happy with sales” in China for the third quarter.

According to Michael Peng, sales are likely to get back to the pre-pandemic level by the end of the year, if this trend continues.

“We had a very happy sales in Q2 and in particular now,” said Peng to Bloomberg on the sidelines of Beijing Autoshow.

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Peng said that according to monthly data, Aston Martin has already returned to pre-pandemic levels. Interestingly, Peng added that in some months the carmaker recorded even higher sales than in some previous years.

Aston Martin share price soared more than 7% to 53.80. Last week, shares plunged over 12% to log a 2-month low.

Aston Martin stock price gains on stronger-than-expected sales in China September 2020

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