Bilibili (BILI) Stock Surges Over 6% Following JPMorgan's Increased Stake

Oct 01, 2024

Bilibili (BILI, Financial) shares saw a significant rise, climbing more than 6% to $24.92. The stock came close to its 52-week high. The surge follows news from the Hong Kong Stock Exchange indicating that on September 24, JPMorgan increased its stake in Bilibili's Hong Kong shares by 924,984 shares at an average price of HKD 129.5851 per share, amounting to approximately HKD 120 million. This brings JPMorgan's total holdings to around 30.942 million shares, representing a 9.16% stake in the company.

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