Strength Seen in Full Truck Alliance (YMM): Can Its 10.2% Jump Turn into More Strength?

Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) shares rallied 10.2% in the last trading session to close at $8.42. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.9% gain over the past four weeks.The stock is rallying after the People’s Bank of China (PBOC) announced that it plans to lower banks’ reserve requirements by 50 basis points (bps) and may implement further cuts in the future. Also, the PBOC red ...