Why Cenntro (CENN) Stock Is Trading Higher

Cenntro Inc CENN shares are trading higher by 10.3% to $1.18 during Thursday’s session after the company announced an order for 500 customized Metro MR vehicles for Japan.

The company says the order is backed by a bank letter of credit. Deliveries are set for the first-quarter of 2025.

CEO Peter Wang emphasized the Metro MR's suitability for Japan's densely populated cities, citing the deal as a pivotal step in expanding market share.

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How To Buy CENN 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 Cenntro’s case, it is in the Consumer Discretionary 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, CENN has a 52-week high of $2.30 and a 52-week low of $1.00.