Zai Lab Limited (ZLAB) Moves 21.5% Higher: Will This Strength Last?

Zai Lab Limited Unsponsored ADR (ZLAB) shares soared 21.5% in the last trading session to close at $29.54. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 32.7% loss over the past four weeks.The sudden rise in stock price can be attributed to Zai Lab meeting the requirements of Holding Foreign Companies Accountable Act (HFCAA). Per management, the possible risk of delisting Chinese companies in the United States does not apply to ...