Why Futu Holdings Stock Was on Fire This Week

The rocket fuel provided by the Chinese government's stimulus was only one factor in the company's pop. A monster analyst price target increase, combined with recent market-shaking news from its home government, helped push Futu Holdings (FUTU 8.81%) stock notably higher in value across the past few trading days. As of late Thursday afternoon, the Chinese online brokerage's shares were up by a very impressive 43% week to date, according to data compiled by S&P Global Market Intelligence. (Almost) doubling d ...