Lei Jun Boosts Xiaomi Stake, Calms Investors

Xiaomis founder, Lei Jun, recently increased his personal stake in the company, buying back over two million shares. This move, which raised his ownership to over twenty-three percent, boosted shares by four point four percent, marking the biggest one-day jump in two months. Analysts view this as a strong signal of confidence in the companys future and a move to stabilize the stock. Xiaomi has a history of successful stock repurchases, with Lei Juns recent purchase adding to a previous buyback program. This action has had a calming effect on investors, reducing the cost of hedging against stock volatility and lowering implied volatility compared to the broader Hang Seng Tech Index.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.