Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) Moves 6.2% Higher: Will This Strength Last?

Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) shares ended the last trading session 6.2% higher at $27.65. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 37.4% gain over the past four weeks.Shares of ATAT are expected to have gained on the optimism induced by the recent fiscal stimulus from the People's Bank of China (PBOC). This stimulus includes interest rate cuts and additional funding opportunities, op ...