ZCMD Stock Rises Over 5% Amid Mixed Performance in Chinese Pharma Stocks

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Oct 03, 2024

Medical services provider Zhongchao Inc. (ZCMD, Financial) saw its stock rise by over 5%, reaching $2.52. This increase highlights investor interest in the company, despite mixed performance in the broader sector of Chinese pharmaceutical stocks listed in the U.S.

In a broader context, other Chinese pharmaceutical stocks experienced varied movements. BeiGene Ltd. (BGNE) and Zai Lab Limited (ZLAB) saw slight gains, while Hutchison China MediTech Limited (HCM) experienced a decline of over 5%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.