Why Fangdd Network Group (DUO) Stock Is Skyrocketing

Fangdd Network Group Ltd DUO shares are trading higher by 90% to $1.15 during Monday’s session after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services sector.

Fangdd says the company aims to become a leading platform in this sector by enhancing operational and technological services for real estate stock assets and seizing opportunities in various asset projects.

With experience in real estate transaction services and a deep understanding of the industry, Fangdd believes that diversifying into real estate stock asset services will provide new business opportunities and contribute to their transformation and growth in the long run.

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How To Buy DUO Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Fangdd Network Group’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, DUO has a 52-week high of $26.54 and a 52-week low of $0.48.