H World Group Stock Soars 5% On Strong Q2 Results

(RTTNews) - H World Group Limited (HTHT), a leading Chinese hotel management firm, is currently trading 5.21 percent higher at $35.09, up $1.74, after reporting significantly increased earnings and revenues in its second-quarter report.

The company's net earnings rose to RMB1.54 billion, a considerable increase from RMB1.07 billion in the same period last year. Total revenue saw a 4.5 percent improvement, reaching RMB6.43 billion from RMB6.15 billion a year ago.

The stock opened the day at $34.00 and has since traded within a range of $33.31 to $35.33 on the Nasdaq. Trading volume has jumped to 3.18 million shares, well above its average volume of approximately 1.76 million shares, indicating strong market interest.

H World's 52-week range stands at $27.92 to $42.98.