What's Going On With VinFast Auto Stock?

VinFast Auto Ltd. VFS shares are trading higher Monday amid a rally in meme stocks. Here's a look at what's going on. 

The Details:

Shares of GameStop, AMC Entertainment and other meme stock names are racing higher on renewed interest from retail investors after Keith Gill, a.k.a Roaring Kitty, posted a meme to his X account Sunday night followed by additional posts on Monday. 

VinFast shares are racing higher on heavy trading volume Monday with more than 11 million shares already traded in the session. According to data from Benzinga Pro, the stock has a 100-day average of volume of 2.181 million shares.

VinFast has grabbed the interest of short-sellers with 11.39% of available shares being sold short, which can contribute to large price moves when combined with heavy trading volume. according to the latest data from Benzinga Pro.

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Is VFS A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like VinFast Auto‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. VinFast Auto VFS does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 17.86%, you'll need to buy a share of abrdn Inc Credit Strat by the May. 22, 2024. Once done, you can expect to receive a nominal payout of $0.1 on May. 31, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on VinFast Auto will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

VFS Price Action: According to Benzinga Pro, VinFast shares are up 46% at $4.40 at the time of publication Monday.

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