What's Going On With Huize Holdings Shares Today?

Huize Holding Limited’s American Depositary Shares HUIZ are trading higher Tuesday after the company announced it has regained compliance with Nasdaq’s minimum bid price requirement.

What To Know: Huize Holding had previously been notified by Nasdaq on Sept. 10 2024, that its ADS price had fallen below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5450(a)(1). To address the issue, the company needed to maintain a closing bid price of at least $1.00 for 10 consecutive business days.

On Dec. 302024, Nasdaq confirmed Huize had met this criterion, with its ADSs trading at or above $1.00 from Dec. 9 to Dec. 27. The matter is now considered resolved.

Huize Holding is an insurance technology platform based in Shenzhen, China. It uses AI and data-driven solutions to connect consumers, insurance carriers, and distribution partners. The platform focuses on providing insurance services for mass affluent consumers, offering a range of products and services covering the full insurance lifecycle.

HUIZ Price Action: Huize shares were up 7.12% at $3.38 at the time of writing, according to Benzinga pro.

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