iQIYI (IQ) Rebounds 8% from 15-Day Drop. Here’s Why

Group 1 - iQIYI Inc. experienced a significant rebound of 8.37% on Monday, closing at $2.2 after a 15-day decline, indicating investor interest in its undervalued stock [1][3] - The company's shares had been trading lower since September 24, with the recent recovery occurring amid a lack of new developments to stimulate buying [1] - iQIYI announced a partnership with Kadokawa Corp. for the distribution of animated series, highlighting the growing global demand for high-quality Chinese animation [2][3] Group 2 - The collaboration with Kadokawa aims to deliver captivating and culturally meaningful stories to a global audience [3] - iQIYI reported an 11.2% increase in viewership during the recent National Holiday in China compared to the pre-holiday period, reflecting a positive trend in audience engagement [3]