DiDi Global stock rises 2% today but falls 15% over the past 5 days. The cause might be the company violating security laws. Those who bought the stock should message the firm before September 7, 2021. As right now the trading session is on the green side for the sake of DiDi, and the stock is rising 2%.
On July 2, two days after the company’s IPO, China’s Cyberspace Administration launched a review into DiDi’s operations to prevent risks related to national security. This news sent the company’s shares sharply lower. The China App Commission ordered app stores to stop offering the “DiDiDi Chuxing” app due to its violation of regulations.
According to a Wall Street Journal report, the US Securities and Exchange Commission asked the company to delay its IPO due to national security concerns. The stock price of the company immediately fell on July 6. This action was initiated by DiDi’s board of directors at $12.06 per share. At the time of this action, its stock price was trading at $12.06 per share.