Why Lufax Holding Ltd. (LU) Soared Last Week

Ten companies finished the past trading week connected a precocious note, outperforming the 3 large indices with double-digit gains amid a flurry of catalysts, including upcoming net releases, that sparked buying appetite.

Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked successful a 4.59-percent gain, portion the Dow Jones was up by 2.48 percent.

In this article, we person listed past week’s apical 10 performing stocks and elaborate the reasons down their gains. The stocks were chosen based connected the highest percent summation successful closing prices connected April 25 arsenic against their prices connected April 17, oregon the week prior.

To travel up with the list, we considered lone the companies with a $2-billion marketplace capitalization and a $5-million trading volume.

A person's hands typing connected a keyboard, circling astir a wealthiness absorption platform, signifying the company's cutting-edge technology.

Lufax Holding Ltd. (NYSE:LU)

Lufax Holding grew its stock prices by 32 percent week-on-week to extremity Friday’s trading astatine $3.12 versus the $2.36 adjacent connected April 17 arsenic investors cheered the company’s enactment reshuffling amid an ongoing probe into definite transactions betwixt 2022 and 2024.

In a regulatory filing connected the Hong Kong Stock Exchange, Lufax Holding Ltd. (NYSE:LU) announced the contiguous resignation of Yong Suk Cho arsenic the company’s committee chairman. He was replaced by Dicky Peter Yip, who antecedently served arsenic autarkic non-executive manager for the company.

Cho, however, volition proceed to service arsenic LU’s main enforcement serviceman and enforcement director.

Meanwhile, Yip, 78, has served arsenic an autarkic non-executive manager of Sun Hung Kai Properties Limited since September 2004. He besides joined HSBC successful 1965 and subsequently served arsenic the main enforcement of the China concern from January 2003 to May 2005, a wide manager of HSBC from April 2005 to June 2012, and an enforcement vice president of Bank of Communications Co., Ltd., among others.

Overall, LU ranks 3rd connected our database of firms that recorded double-digit gains past week. While we admit the imaginable of LU arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than LU but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.