KXIN Overview

Stock Performance: Kaixin Holdings (KXIN) shares surged 21.61% in after-hours trading to $3.77, following a significant drop of 25.48% during the regular session, closing at $3.10.

Acquisition Agreement: The company announced a securities purchase agreement to acquire 100% equity in Zhejiang Ordinary Smile Auto Sales Co., Ltd. from Fangle Lai, with the deal involving up to $15 million in newly issued Class A ordinary shares.

Performance Milestones: The acquisition includes performance targets that require the target company to achieve rising annual revenues, starting from RMB 665 million ($94.2 million) in the first year to RMB 974 million ($137.9 million) by the fifth year.

Year-to-Date Decline: Despite the after-hours increase, KXIN shares are down 93.42% year to date, with a market capitalization of $3.53 million and a 52-week trading range of $2.94 to $75.

Autodesk's Strong Performance: Autodesk Inc reported third-quarter results with adjusted EPS of $2.67 and revenue of $1.85 billion, both exceeding analyst expectations, leading to a 6.1% increase in share price during pre-market trading.

Other Notable Gainers: Mobile-Health Network Solutions surged 45.4%, Inno Holdings gained 29.5%, and KALA Bio increased by 24.1% in pre-market trading, driven by various positive developments and agreements.

Significant Losers: Nutanix Inc saw a 16.8% drop after disappointing financial results and lowered sales guidance, while Biomx Inc and Kaixin Holdings also experienced notable declines of 13.2% and 12.1%, respectively.

Market Overview: The pre-market trading session showed mixed results, with several companies like Urban Outfitters and Petco Health and Wellness reporting better-than-expected earnings, while others faced declines due to poor financial performance.