Kingsoft Cloud Stock Drops Again in Run-Up to Earnings
Kingsoft Cloud ADRs closed at $13.96 Wednesday, down 4.3%, and traded at $13.45 in early Nasdaq pre-market hours Thursday. The stock has fallen five straight sessions after a 17% rally on May 13. Market cap stood at $4.19 billion. The board will review first-quarter results and hold an earnings call on May 27.