iQIYI (IQ) Soars 9.3% on Key Leadership Changes

Core Insights - iQIYI Inc. (NASDAQ:IQ) experienced a significant stock price increase of up to 9.3% during intra-day trading, reaching $2.1, following a five-day losing streak, as investors engaged in bargain-hunting amid leadership changes [1][2] - The stock closed at $2.01, reflecting a 4.69% increase, after the resignation of Jun Wang as the Finance head due to personal reasons [2] - Jun Wang will continue to serve as an advisor until May 31, 2026, to ensure a smooth transition, with Ying Zeng temporarily taking over as the Finance head [3][4] Leadership Changes - Jun Wang's resignation was effective immediately, and he will assist in the transition process as an advisor [2][3] - Ying Zeng, who has been with iQIYI since February 2017 and has served as SVP for Finance since January 2022, will temporarily fill the CFO role [4] - Zeng has prior experience at Baidu Inc. and eLong, Inc., which may contribute to her effectiveness in the interim position [4]