Why LexinFintech Holdings Crushed the Market on Monday
LexinFintech Holdings (NASDAQ: LX), a Chinese company that specializes in loan services targeted at the country's bourgeoning class of young professionals, rose by almost 9% on Monday. The catalyst was a business update indicating robust growth in the very near future. In the update, based on a preliminary assessment of its performance, LexinFintech said its loan originations hit 176.5 billion yuan ($27.24 billion) in 2020, matching the company's guidance.
